OnCor AUD 7-year &/or 10-year senior secured fixed rate notes launch

On June 6, 2025, Oncor Electric Delivery Co. announced the pricing of a $450 million senior secured notes offering, which includes 7-year and 10-year fixed-rate notes. The transaction is part of the company’s ongoing capital structure management and financing strategy to support its long-term infrastructure and operational needs. The notes were issued under Oncor’s existing shelf registration statement with the U.S. Securities and Exchange Commission.

Fitch Ratings assigned an 'A' rating to the senior secured notes, reflecting strong credit profile and secured nature. The rating underscores the investment-grade quality of the debt and the company’s ability to meet its financial obligations. The offering is expected to close in the coming weeks, subject to customary closing conditions.

This issuance aligns with Oncor’s broader capital planning initiatives and supports its continued investment in the electric grid and reliability services. Investors and market participants are closely monitoring the transaction as part of the broader energy infrastructure financing landscape.