CHARLOTTE, January 8, 2026 – Proskauer advised Sumitomo Mitsui Banking Corporation ("SMBC") as administrative agent for the lenders in a term loan credit agreement for Oncor Electric Delivery Company LLC ("Oncor"), a regulated electricity distribution and transmission business. The agreement provides for a $1.4 billion term loan credit facility, with the proceeds from any borrowings intended to be used for Oncor's general corporate purposes.
SMBC is a top-tier financial group, offering a diverse range of financial services, including banking, leasing, securities, credit cards and consumer finance. With a 400-year history, SMBC has more than 150 offices worldwide in nearly 40 countries.
The Proskauer team was led by partners Joey Polonsky and Ron Lovelace and included associates Marissa Higgins and Madeleine Wood (Leveraged Finance).