Sempra
Sempra Completes $500 Million Note Issuance
Summary
On May 31, 2024, Sempra completed the sale of $500 million aggregate principal amount of its 6.875% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054. This issuance, part of a series with previously issued notes, raised approximately $490.2 million after deducting expenses. The notes will pay interest semi-annually starting October 1, 2024, and mature on October 1, 2054. An underwriting agreement with Goldman Sachs, J.P. Morgan Securities, and Mizuho Securities was executed on May 28, 2024. The offering was registered under Sempra's effective shelf registration statement on Form S-3.
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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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