---
schema_version: "secwatch.filing_event.v1"
accession: "0001032208-23-000011"
form_type: "8-K"
ticker: "SRE"
cik: "0001032208"
company_name: "SEMPRA"
filed_at: "2023-03-20T23:59:59+00:00"
generated_at: "2026-06-17T22:48:43.566841+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sempra approves $13B Port Arthur LNG; sells 30% stake to ConocoPhillips, arranges $7B debt

## Summary
- Final investment decision for Port Arthur LNG; two trains expected online 2027-2028.
- Total estimated capex $13.0B; offtake agreements total ~10.5M tonnes/yr with 20- and 15-year terms.
- ConocoPhillips acquired 30% of project for ~$265M cash; KKR to buy up to 69.5% indirect interest.
- PALNG signed $6.8B term loan and $200M working capital facility, maturing 2030.
- EPC contract with Bechtel; advanced funding does not increase total contract price.

## SEC filing metadata
- accession: 0001032208-23-000011
- form_type: 8-K
- ticker: SRE
- cik: 0001032208
- company_name: SEMPRA
- filed_at: 2023-03-20T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1032208/000103220823000011/0001032208-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1032208/000103220823000011/sempra-20230320.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001032208-23-000011
- JSON: https://secwatch.observer/filing/0001032208-23-000011.json
- Plain text: https://secwatch.observer/filing/0001032208-23-000011.txt

## Key facts
- Debt Financings
  SEMPRA incurred credit facility of approximately $6.8 billion with Mizuho Bank, Ltd. (as agent) at Term SOFR plus 2.00% prior to completion, 2.25% after completion maturing March 20, 2030.
  - Instrument: credit facility
  - Principal: approximately $6.8 billion
  - Counterparty: Mizuho Bank, Ltd. (as agent)
  - Rate: Term SOFR plus 2.00% prior to completion, 2.25% after completion
  - Maturity: March 20, 2030
  - Event: incurrence
  source text: PALNG entered into (A) an Initial Term Loan Facility Agreement (the “Initial Term Loan Facility Agreement”) with various commercial banks and other financial institutions, as lenders, and Mizuho Bank, Ltd., as Initial Term Loan Facility Agent, for an aggregate principal amount of approximately $6.8 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/1032208/000103220823000011/0001032208-23-000011-index.htm
- Debt Financings
  SEMPRA incurred credit facility of approximately $200 million with Mizuho Bank, Ltd. (as agent) at Term SOFR plus 2.00% prior to completion, 2.25% after completion maturing March 20, 2030.
  - Instrument: credit facility
  - Principal: approximately $200 million
  - Counterparty: Mizuho Bank, Ltd. (as agent)
  - Rate: Term SOFR plus 2.00% prior to completion, 2.25% after completion
  - Maturity: March 20, 2030
  - Event: incurrence
  source text: (B) an Initial Working Capital Facility Agreement (the “Initial Working Capital Facility Agreement”) with various commercial banks and other financial institutions, as lenders, and Mizuho Bank, Ltd., as Initial Working Capital Facility Agent, for an aggregate principal amount of approximately $200 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1032208/000103220823000011/0001032208-23-000011-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.