Loan & DebtMay 15, 2026, 04:38 PM
Sempra Subsidiary SoCalGas Closes $650M Bond Offering
AI Summary
Southern California Gas Company, an indirect subsidiary of Sempra, successfully closed its previously announced public offering of $650 million aggregate principal amount of 5.900% First Mortgage Bonds, Series FFF, due 2056. The company received proceeds of 98.661% of the principal amount after deducting underwriting discounts, with estimated offering expenses of approximately $1.4 million. Interest on the bonds will be paid semiannually, beginning December 1, 2026.
Key Highlights
- Southern California Gas Company closed a $650,000,000 public offering of First Mortgage Bonds.
- The Bonds, Series FFF, bear an interest rate of 5.900% per annum.
- The Bonds will mature on June 1, 2056.
- Proceeds to the company were 98.661% of the aggregate principal amount.
- Estimated offering expenses are approximately $1.4 million.
- Interest on the Bonds is payable semiannually on June 1 and December 1, starting December 1, 2026.
Price Impact
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