debt
confidence high
sentiment neutral
materiality 0.50
SoCalGas closes $600M offering of 5.050% First Mortgage Bonds due 2034
SEMPRA
- Aggregate principal $600M, 5.050% coupon, maturity September 1, 2034.
- Proceeds to SoCalGas after underwriting discount at 98.864% of par, less ~$1.6M expenses.
- Interest payable semiannually March 1 and Sept 1, starting March 1, 2025; redeemable at company option.
- Issued under existing shelf registration (File No. 333-270939) and supplemental indenture dated Aug 14, 2024.