Sempra
Southern California Gas Company Closes $600 Million Bond Offering
Summary
On August 14, 2024, Southern California Gas Company, a subsidiary of Sempra, closed its public offering of $600 million aggregate principal amount of 5.050% First Mortgage Bonds, Series CCC, due 2034. The offering was registered under the company's Registration Statement on Form S-3 (File No. 333-270939) and was issued pursuant to a Supplemental Indenture dated August 14, 2024. The bonds will mature on September 1, 2034, bearing interest at a rate of 5.050% per annum, payable semiannually in arrears starting March 1, 2025. The bonds are redeemable prior to maturity at the company's option at specified redemption prices. The company received proceeds of 98.864% of the aggregate principal amount of the bonds after deducting the underwriting discount and estimated offering expenses of approximately $1.6 million.
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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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