Summary
Sempra Energy (SRE) has filed an 8-K report detailing the successful closing of a public offering for $600 million in 2.30% Notes due 2017 on March 23, 2012. The offering was made under a previously filed Form S-3 registration statement. The net proceeds to the company, after deducting underwriting discounts but before other expenses, were approximately 99.348% of the aggregate principal amount. These notes mature on April 1, 2017, with interest payable semi-annually starting October 1, 2012. The company has the option to redeem the notes prior to maturity under specific conditions outlined in the associated documentation. This issuance represents a significant debt financing event for Sempra Energy, likely aimed at funding operations, capital expenditures, or refinancing existing debt.
Key Highlights
- 1Sempra Energy closed a $600 million public offering of 2.30% Notes due 2017.
- 2The offering occurred on March 23, 2012, and was registered under a Form S-3.
- 3Net proceeds, after underwriting discounts, were approximately 99.348% of the principal amount.
- 4The Notes mature on April 1, 2017.
- 5Interest payments are scheduled for April 1 and October 1 annually, commencing October 1, 2012.
- 6The company retains the option to redeem the notes before maturity.
- 7Key documents, including the underwriting agreement and the form of the note, are attached as exhibits.