Hunton Andrews Kurth Advises on Oncor Electric Delivery Company LLC’s $1 Billion Senior Secured Notes Offering

Hunton Andrews Kurth LLP advised the initial purchasers in connection with the sale by Oncor Electric Delivery Company LLC (“Oncor”) of $600 million aggregate principal amount of its 4.30% Senior Secured Notes due 2028 and $400 million aggregate principal amount of its 4.95% Senior Secured Notes due 2052, in a private placement, with registration rights, under Rule 144A and Regulation S under the Securities Act of 1933, as amended, to eligible purchasers. The offering of Oncor’s 4.95% Senior Secured Notes due 2052 constituted a reopening of  the 4.95% Senior Secured Notes due 2052 originally issued in September 2022.

Oncor is a regulated electricity transmission and distribution company that provides electricity to end-use customers through their electrical systems, as well as providing transmission grid connections to merchant generation facilities and interconnections to other transmission grids in Texas. Oncor operates the largest transmission and distribution system in Texas, delivering electricity to more than 3.9 million homes and businesses and operating more than 141,000 miles of transmission and distribution lines.

The Hunton Andrews Kurth team included Michael F. Fitzpatrick, Adam R. O’Brian, Patrick C. Jamieson, Reuben H. Pearlman and Monika M. Dziewa. Robert McNamara, William B. Freeman and Drew Hermiller provided tax advice.