secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN CALIFORNIA GAS CO (SOCGM)
CIK:        0000092108
Form:       8-K
Filed at:   2022-10-17T23:59:59+00:00
Accession:  0000092108-22-000016
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

SoCalGas enters $1.2B revolving credit facility through 2027, replaces $750M facility
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- Five-year $1.2B revolving credit facility with 23 lenders, JPMorgan as administrative agent.
- Provides up to $150M letters of credit (expandable to $250M); can increase commitments by $300M.
- Financial covenant: total indebtedness to total capitalization ≤ 65%.
- Replaces prior $750M facility that was to expire in 2024; no borrowings outstanding.
- Contains customary covenants and cross-default triggers for indebtedness > $250M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92108/000009210822000016/0000092108-22-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92108/000009210822000016/socalgas-20221014.htm
  HTML page:      https://secwatch.observer/filing/0000092108-22-000016

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