Loan & DebtMay 12, 2026, 04:24 PM
SoCalGas Issues $650M 5.900% First Mortgage Bonds Due 2056
AI Summary
Southern California Gas Company, an indirect subsidiary of Sempra, entered into an underwriting agreement to issue and sell $650,000,000 aggregate principal amount of its 5.900% First Mortgage Bonds, Series FFF, due 2056. The bonds were offered at a public offering price of 99.536% of the principal amount. This registered public offering was conducted with BNP Paribas Securities Corp., CIBC World Markets Corp., Mizuho Securities USA LLC, and Wells Fargo Securities, LLC as representatives of the underwriters.
Key Highlights
- Southern California Gas Company issued $650,000,000 in First Mortgage Bonds.
- The bonds carry an interest rate of 5.900%.
- The maturity date for the bonds is 2056.
- The public offering price was 99.536% of the aggregate principal amount.
- BNP Paribas, CIBC, Mizuho, and Wells Fargo acted as representatives for the underwriters.
Price Impact
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