Sempra's indirect subsidiary, Southern California Gas Company (SoCalGas), entered into an underwriting agreement to issue and sell $500 million aggregate principal amount of its First Mortgage Bonds. The registered public offering is for 5.500% Series GGG bonds, which are set to mature in 2036.
Key Details
- Offering Size: $500,000,000 aggregate principal amount.
- Security: 5.500% First Mortgage Bonds, Series GGG, due September 1, 2036.
- Terms: The bonds were offered to the public at a price of 99.405% of the principal amount, with an expected settlement date of August 21, 2026. Net proceeds are estimated to be approximately $493.8 million.
- Underwriters: The offering is managed by a syndicate of underwriters represented by Barclays Capital Inc., Credit Agricole Securities (USA) Inc., MUFG Securities Americas Inc., and TD Securities (USA) LLC.