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Article: Oncor: EFH Debt Exchange Does Not Impact Operations, Company.

Article from:
Mergers & Acquisitions Week
Article date:
October 21, 2009
Copyright

Oncor Electric Delivery Company LLC ("Oncor") today affirmed that the exchange offer announced by its shareholder, Energy Future Holdings Corp. ("EFH") would not impact Oncor or its operations, and that neither Oncor nor Oncor Electric Delivery Holdings Company LLC ("Oncor Holdings") will have any obligations or liabilities in connection with the transaction. In addition, the rating agencies have said that EFH's exchange offer will not affect Oncor's current investment grade ratings (S&P BBB+, Moody's Baa1, Fitch BBB).

EFH and its wholly owned subsidiaries Energy Future Intermediate Holding Company LLC and EFIH Finance Inc., have launched an exchange offer for ...

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