Summary
Sempra Energy (SRE) announced on October 8, 2009, the successful closing of a public offering and sale of $750 million in aggregate principal amount of 6.00% Notes due 2039. The offering was registered under the company's Form S-3. The net proceeds, after deducting underwriting discounts but before other expenses, were 98.284% of the principal amount. These long-term notes mature on October 15, 2039, with interest payments semi-annually on April 15 and October 15, starting in April 2010. The company retains the option to redeem these notes prior to maturity under specific conditions outlined in the Note's form. This issuance represents a significant financing activity for Sempra Energy, aimed at raising capital through debt markets.
Key Highlights
- 1Sempra Energy closed a public offering of $750,000,000 of 6.00% Notes due 2039.
- 2The offering was registered under Sempra Energy's Form S-3 (Registration No. 333-153425).
- 3The notes will mature on October 15, 2039.
- 4Interest payments are scheduled semi-annually, on April 15 and October 15, commencing April 15, 2010.
- 5Proceeds received by the company were 98.284% of the principal amount, after underwriting discounts.
- 6The company has the option to redeem the notes prior to maturity.
- 7Key documentation filed includes the underwriting agreement and the form of the notes.