Hunton Advises on Oncor Electric Delivery Company LLC $450 Million Inaugural Senior Secured Social Bonds Offering

Hunton Andrews Kurth LLP advised the initial purchasers in connection with the sale by Oncor Electric Delivery Company LLC (Oncor) of $450 million aggregate principal amount of senior secured notes due 2025, in a private placement, with registration rights, under Regulation S and Rule 144A of the Securities Act of 1933, as amended, to eligible purchasers. Oncor intends to use the net proceeds from the offering to finance or re-finance, in whole or in part, eligible projects consisting of investments in or expenditures with minority- and women-owned business suppliers pursuant to the Oncor Sustainable Bond Framework.

Oncor operates the largest transmission and distribution system in Texas, delivering electricity to more than 3.7 million homes and businesses and operating more than 139,000 miles of transmission and distribution lines. Oncor is an indirect, majority-owned subsidiary of Sempra Energy.

The Hunton Andrews Kurth team included Michael Fitzpatrick, Adam O’Brian, Patrick Jamieson and Shelby Stanton. Robert McNamara and Tim Strother provided tax advice.