Hunton Advises on Oncor Electric Delivery Company LLC $1.3 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 $500 million aggregate principal amount of senior secured notes due 2024, $300 million aggregate principal amount of senior secured notes due 2028 and $500 million aggregate principal amount of senior secured notes due 2049 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 operates the largest transmission and distribution system in Texas, delivering electricity to more than 3.6 million homes and businesses and operating more than 137,000 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 and Patrick Jamieson. Robert McNamara provided tax advice.