Sempra
Sempra Closes Public Offering of $600M Junior Subordinated Notes
Summary
On March 14, 2024, Sempra completed the sale of $600 million in 6.875% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054. The sale was registered under an effective shelf registration statement on Form S-3 and filed with the U.S. Securities and Exchange Commission. The notes were issued and sold to underwriters at a public offering price of 99.994% of the aggregate principal amount. Interest on the notes accrues from March 14, 2024, and is payable semi-annually in arrears beginning on October 1, 2024. The Company may redeem some or all of the notes, at its option, at specific times. The notes were issued pursuant to an indenture dated June 26, 2019, between Sempra and U.S. Bank Trust Company, National Association, as trustee.
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About Sempra
Sempra is a diversified energy services company primarily engaged in the generation, transmission, and distribution of electricity and natural gas. As a key player in the energy sector, Sempra operates through several key subsidiaries, focusing on different aspects of utility services and renewable energy solutions. The company serves millions of consumers across North America, emphasizing sustainable practices and the integration of renewable energy sources into its grid. Its investments in liquefied natural gas (LNG) exports and infrastructure position Sempra as a significant contributor to global energy markets. By balancing traditional energy production with innovative, sustainable solutions, Sempra plays a critical role in meeting the growing energy demands while aligning with global decarbonization efforts. Its strategic initiatives aim to provide reliable energy solutions while supporting economic growth and environmental stewardship in its service areas.
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