Sempra closes $500M add-on to 6.875% junior subordinated notes due 2054

SEMPRA

Reopening of existing $600M notes brings total to $1.1B; notes due Oct 1, 2054.
Net proceeds of ~$490.2M after underwriting discounts, before $1.3M expenses.
Interest fixed at 6.875% through Oct 1, 2029, then resets at Five-year Treasury + 2.789%.
Issued under shelf registration; underwriters led by Goldman Sachs, J.P. Morgan, Mizuho.

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