01—Abstract
Summary
Summary of the 8-K filed August 18, 2026. Cited figures are marked; the original filing is the authoritative source.
Sempra's indirect subsidiary, Southern California Gas Company (SoCalGas), has entered into an underwriting agreement to issue and sell $500 milliona in aggregate principal amount of 5.500% First Mortgage Bonds, Series GGG, due 2036.
The bonds will be offered at a public offering price of 99.405%b of their principal amount in a registered public offering. This issuance is being conducted under an effective shelf registration statement, indicating that SoCalGas has previously established a framework for raising capital through public offerings. The proceeds from this bond sale are intended to fund various capital expenditures and general corporate purposes, aligning with Sempra's ongoing investment strategies in its utility operations and infrastructure.
02—Key points
Key Highlights
- Southern California Gas Company (SoCalGas), an indirect subsidiary of Sempra, is issuing $500 million in First Mortgage Bonds.
- The bonds carry a coupon rate of 5.500% and mature in 2036.
- The offering is priced at 99.405% of the aggregate principal amount, indicating a slight discount to par.
- The issuance is a registered public offering conducted under an effective shelf registration statement (File No. 333-295219).
- The underwriters include Barclays Capital Inc., Credit Agricole Securities (USA) Inc., MUFG Securities Americas Inc., and TD Securities (USA) LLC.
- The filing also notes that this report does not constitute an offer to sell or a solicitation to buy securities, but is made via prospectus supplement.
03—Questions
Frequently Asked Questions
What is the primary purpose of this bond issuance?
The primary purpose of this bond issuance by Southern California Gas Company is to raise capital, likely for funding capital expenditures and general corporate purposes, which supports Sempra's ongoing investments in its utility infrastructure and operations.
What are the key terms of the new bonds being issued?
The bonds are $500 million in aggregate principal amount of 5.500% First Mortgage Bonds, Series GGG, with a maturity date in 2036. They are being offered at a public price of 99.405% of their principal amount.
Who are the underwriters for this offering?
The underwriters for this offering include Barclays Capital Inc., Credit Agricole Securities (USA) Inc., MUFG Securities Americas Inc., and TD Securities (USA) LLC, acting as representatives of the several underwriters.
How does this bond issuance relate to Sempra Energy (SRE)?
Southern California Gas Company is an indirect subsidiary of Sempra Energy. Therefore, this bond issuance by SoCalGas is a financing activity within the broader Sempra Energy consolidated entity, contributing to the group's overall capital structure and funding needs.
04—Continue