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Wells Fargo Agents $275MM Oncor Electric Facility

September 28, 2017

Oncor Electric Delivery entered into a term loan credit agreement with Wells Fargo Bank as administrative agent.

The 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 bear interest at per annum rates equal to either LIBOR plus a spread ranging from 0.8%-0.9%, depending on whether the loan has become secured, or an alternate base rate (the highest of the prime rate of Wells Fargo, the federal funds effective rate plus 0.50% and daily one-month LIBOR + 1%).

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