Hunton Andrews Kurth Advises on Oncor Electric Delivery Company LLC’s Exchange Offer and Consent Solicitation

Hunton Andrews Kurth LLP advised the dealer-managers in connection with a private exchange offer and consent solicitation under Regulation S and Rule 144A of the Securities Act of 1933, as amended.  The exchange offer by Oncor Electric Delivery Company LLC (“Oncor”) was ultimately accepted by  $318,328,000 aggregate principal amount of Oncor’s 7% Debentures due 2022 for newly issued 5.75% Senior Secured Notes due 2029.

Headquartered in Dallas, Oncor is a regulated electricity distribution and transmission business that uses superior asset management skills to provide reliable electricity delivery to consumers. Oncor operates the largest distribution and transmission system in Texas, delivering power to more than 3.5 million homes and businesses and operating more than 134,000 miles of transmission and distribution lines in Texas. While Oncor is owned by a limited number of investors (including majority owner, Sempra Energy), Oncor is managed by its Board of Directors, which is comprised of a majority of disinterested directors.

The Hunton Andrews Kurth team included Michael Fitzpatrick, Steven Friend, Adam O’Brien, Patrick Jamieson and Shelby Stanton.  Cary Tolley and Kimberly Nolte provided tax advice.