Summary
Sempra (SRE) announced the successful closing of its public offering and sale of $1 billion in Floating Rate Notes due 2028 on June 9, 2026. The net proceeds from this offering, after deducting underwriting discounts but before other expenses, are approximately $998.5 million. This debt issuance was registered under an effective shelf registration statement on Form S-3, indicating a well-established process for capital raising. The newly issued notes bear interest at a floating rate tied to Compounded SOFR plus a spread of 0.670% per annum. They mature on January 7, 2028, with quarterly interest payments commencing October 7, 2026. Notably, the notes are not redeemable by the company prior to maturity, providing investors with a fixed maturity date. This offering represents a strategic move by Sempra to access capital for its operations and growth initiatives.
Key Highlights
- 1Sempra successfully closed a $1 billion public offering of Floating Rate Notes due 2028.
- 2Net proceeds from the offering are approximately $998.5 million.
- 3The notes mature on January 7, 2028.
- 4Interest rate is a floating rate equal to Compounded SOFR plus 0.670% per annum.
- 5Interest payments will be made quarterly.
- 6The notes are not redeemable by Sempra prior to maturity.
- 7The offering was conducted under an effective shelf registration statement on Form S-3.