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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Wells Fargo Provides $275MM Credit Facility to Oncor Electric Delivery
Thursday, September 28, 2017
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Lenders/Participants
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Wells Fargo Bank [Administrative Agent]
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Structure
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Term Loan
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Amount
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$275.000
Million
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Borrower(s)
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Oncor Electric Delivery Company, LLC
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Description
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The Term Loan Agreement provides for a springing-lien term loan credit facility in an aggregate principal amount of $275 million. The Term Loan Agreement has an 18 month term, maturing on March 26, 2019. Loans under the Term Loan Agreement bear interest at per annum rates equal to, at Oncor’s option, (i) LIBOR plus a spread ranging from 0.8%-0.9%, depending on whether the loan has become secured, or (ii) an alternate base rate (the highest of (1) the prime rate of Wells Fargo, (2) the federal funds effective rate plus 0.50%, and (3) daily one-month LIBOR plus 1%).
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Industry
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Utilities
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| Related Tags |
Wells Fargo Bank
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ABL Advisor
Deal Tables
2025
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