debt
confidence high
sentiment neutral
materiality 0.50
Southern California Gas closes $500M offering of 5.600% First Mortgage Bonds due 2054
SEMPRA
- Closed public offering of $500M aggregate principal of 5.600% First Mortgage Bonds, Series BBB, due April 1, 2054.
- Bonds priced at 98.475% of par; net proceeds after underwriting discount and ~$1.4M expenses.
- Interest payable semiannually on April 1 and October 1, beginning October 1, 2024.
- Bonds redeemable at company's option prior to maturity per Supplemental Indenture terms.
- Issued under Sempra's Form S-3 shelf registration; Supplemental Indenture filed as Exhibit 4.1.