Loan & DebtJun 9, 2026, 04:22 PM
Sempra Closes $1B Floating Rate Notes Offering
AI Summary
Sempra announced the closing of its public offering of $1 billion aggregate principal amount of Floating Rate Notes due 2028. The company received approximately $998.5 million in proceeds after deducting underwriting discounts. These notes will bear interest at Compounded SOFR plus 0.670% per annum, with interest payable quarterly starting October 7, 2026, and will mature on January 7, 2028.
Key Highlights
- Sempra closed a public offering of Floating Rate Notes.
- Issued $1,000,000,000 aggregate principal amount of notes.
- Proceeds to the company were approximately $998.5 million.
- Notes bear interest at Compounded SOFR plus 0.670% per annum.
- Maturity date for the notes is January 7, 2028.
- Interest on the notes will be payable quarterly, starting October 7, 2026.
- The notes are not redeemable at the company's option prior to maturity.
Price Impact
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