Summary
Sempra Energy (SRE) filed an 8-K on May 20, 2004, to report on a significant debt issuance that occurred on May 18, 2004. The company successfully issued $300 million in 4.75% Notes due 2009 and $300 million in Floating Rate Notes due 2008. This combined $600 million in new debt will likely be used to fund ongoing operations, capital expenditures, or general corporate purposes, strengthening the company's financial position. Investors should note the specific terms of these notes, including their interest rates and maturity dates, as they represent a material increase in Sempra's outstanding debt obligations. The filing also references the underwriting and pricing agreements associated with this issuance, providing further detail on the transaction's terms and the involvement of various underwriters.
Key Highlights
- 1Sempra Energy issued $600 million in new debt on May 18, 2004.
- 2The issuance consisted of $300 million in 4.75% Notes due 2009.
- 3The issuance also included $300 million in Floating Rate Notes due 2008.
- 4The company entered into Underwriting and Pricing Agreements with underwriters for this debt issuance.
- 5The filing is an 8-K report dated May 20, 2004, documenting events from May 18, 2004.
- 6These notes are being filed in connection with Sempra Energy's Form S-3 Registration Statement (File No. 333-103588).