Sempra closes sale of 45% of Sempra Infrastructure to KKR/CPPIB; $4.56B cash, $2.8-3.3B gain

SEMPRA

Received $4.56B cash at closing; remainder via $4.14B note at 7.5% due Dec 31, 2027 ($4.51B with interest) and $1.20B note at 8.5%/10.0% due Feb 11, 2034 ($2.31B).
Expects pre-tax gain on sale of $2.80B-$3.30B ($2.00B-$2.40B after tax) plus $450M-$550M of additional transaction costs ($325M-$400M after tax).
Post-close ownership: KKR Partners 65%, Sempra 25%, ADIA 10%; SI Partners deconsolidated Nov 12, 2026 and now equity-method within the Sempra Infrastructure segment.
Justin C. Bird becomes EVP and CFO on Nov 13, 2026, succeeding Karen L. Sedgwick, who was named CEO of subsidiary Southern California Gas Company.

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