01—Abstract
Summary
Summary of the 8-K filed August 21, 2026. Cited figures are marked; the original filing is the authoritative source.
Sempra's indirect subsidiary, Southern California Gas Company (SoCalGas), has successfully closed a public offering of $500 milliona in 5.500% First Mortgage Bonds, Series GGG, due in 2036.
This issuance, registered under a Form S-3 registration statement, will provide SoCalGas with capital, with net proceeds of approximately 98.755% of the principal amount after underwriting discounts, totaling roughly $493.78 millionb. The company anticipates additional offering expenses of about $1.1 million.
02—Key points
Key Highlights
- SoCalGas closed a $500 million public offering of 5.500% First Mortgage Bonds, Series GGG, maturing in 2036.
- The offering was registered under Southern California Gas Company's existing Form S-3 registration statement.
- Net proceeds after underwriting discounts are approximately $493.78 million.
- Estimated additional offering expenses for the company are around $1.1 million.
- The bonds will bear interest at a fixed rate of 5.500% per annum.
- Interest payments will be made semiannually on March 1 and September 1, commencing March 1, 2027.
- The bonds are redeemable prior to maturity at the company's option, with specific redemption prices detailed in the Supplemental Indenture.
03—Questions
Frequently Asked Questions
What is the purpose of this bond issuance for Sempra?
The bond issuance is for Sempra's indirect subsidiary, Southern California Gas Company (SoCalGas). The proceeds are intended to provide capital for SoCalGas's operations and strategic initiatives.
What is the interest rate and maturity date of these bonds?
The bonds carry a fixed interest rate of 5.500% per annum and will mature on September 1, 2036.
How much capital did Sempra's subsidiary raise from this offering?
Southern California Gas Company raised $500 million in aggregate principal amount from this bond offering. After deducting underwriting discounts, the net proceeds to the company are approximately $493.78 million.
When will investors receive interest payments?
Interest payments will be made semiannually in arrears on March 1 and September 1 of each year, with the first payment due on March 1, 2027.
04—Continue