Sempra closes $1B junior subordinated notes offering; proceeds ~$990M

SEMPRA

Issued $400M 6.625% Non-Call 5 2055 notes and $600M 6.550% Non-Call 10 2055 notes.
Net proceeds ~$990M after underwriting discounts; use of proceeds not specified.
Interest fixed initially, then resets to 5-year Treasury rate plus spread; deferral option up to 20 semiannual periods.
Underwriters include BofA, Goldman Sachs, JPMorgan, Mizuho, Morgan Stanley, PNC.

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