Oncor Electric Delivery Company LLC Extends Deadline for Exchange Offers
* Reuters is not responsible for the content in this press release.
DALLAS--(Business Wire)--
Oncor Electric Delivery Company LLC ("Oncor") today announced that it has
extended the expiration date of its registered exchange offers to 5:00 p.m., New
York City time, on May 22, 2009. The exchange offers are offers to exchange
$650,000,000 aggregate principal amount of its 5.95% Senior Secured Notes due
2013 (the "2013 Notes"), $550,000,000 aggregate principal amount of its 6.80%
Senior Secured Notes due 2018 (the "2018 Notes") and $300,000,000 aggregate
principal amount of its 7.50% Senior Secured Notes due 2038 (the "2038 Notes"
and, collectively with the 2013 Notes and the 2018 Notes, the "Outstanding
Notes") for 5.95% Senior Secured Notes due 2013, 6.80% Senior Secured Notes due
2018 and 7.50% Senior Secured Notes due 2038 that have been registered under the
Securities Act of 1933, as amended (collectively, the "Exchange Notes").
As of 11:59 pm, New York City time, on May 18, 2009, the original expiration
date of the exchange offers, $648,875,000 in aggregate principal amount of the
2013 Notes, $549,180,000 in aggregate principal amount of the 2018 Notes and
$300,000,000 in aggregate principal amount of the 2038 Notes have been tendered
for exchange. Oncor will accept for exchange any and all Outstanding Notes
validly tendered and not withdrawn prior to the new expiration date, unless such
expiration date is further extended. Oncor does not currently intend to extend
the exchange offers any further.
The Exchange Notes are substantially identical to the Outstanding Notes, except
that the Exchange Notes have been registered under the Securities Act of 1933,
as amended. The terms of the exchange offers and other information relating to
Oncor are set forth in a prospectus dated April 17, 2009, as supplemented.
Copies of the prospectus, supplement and related letters of transmittal may be
obtained from The Bank of New York Mellon, which is serving as the exchange
agent for the exchange offer. The Bank of New York Mellon may be contacted as
follows:
By Registered or By Regular Mail: By Overnight Courier or Hand Delivery:
Certified Mail:
The Bank of New York Mellon The Bank of New York Mellon The Bank of New York Mellon
Corporate Trust Operations Corporate Trust Operations Corporate Trust Operations
Reorganization Unit
Reorganization Unit
Reorganization Unit
101 Barclay Street -- 7 East
101 Barclay Street -- 7 East
101 Barclay Street -- 7 East
New York, NY 10286
New York, NY 10286
New York, NY 10286
Attn: Diane Amoroso
Attn: Diane Amoroso
Attn: Diane Amoroso
By Facsimile Transmission
(eligible institutions only):
(212) 298-1915
To Confirm by Telephone:
(212) 815-2742
The prospectus, supplement and other materials related to the exchange offers
may also be obtained free of charge at the Securities and Exchange commissions
web site (www.sec.gov). These documents contain important information that
should be read carefully before any decision is made with respect to the
exchange offers.
This news release shall not constitute an offer to sell or the solicitation of
an offer to buy any security and shall not constitute an offer, solicitation or
sale in any jurisdiction in which such offering, solicitation or sale would be
unlawful.
Oncor Electric Delivery Company LLC is a regulated electric 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 approximately
3 million homes and businesses and operating more than 117,000 miles of
transmission and distribution lines in Texas. While Oncor is owned by a limited
number of investors (including majority owner, Energy Future Holdings Corp.),
Oncor is managed by its Board of Directors, which is comprised of a majority of
independent directors.
Oncor
Media
Chris Schein, 972-791-6200
or
Investor Relations
John Casey, 214-486-4776
Copyright Business Wire 2009
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.


Follow Reuters