debt
confidence high
sentiment neutral
materiality 0.50
SoCalGas closes $1.1B bond offering: $600M 5.45% notes due 2035, $500M 6.00% notes due 2055
SEMPRA
- Southern California Gas issued $600M of 5.450% First Mortgage Bonds (Series DDD) due June 15, 2035.
- Issued $500M of 6.000% First Mortgage Bonds (Series EEE) due June 15, 2055.
- Net proceeds before expenses: 98.892% of Series DDD principal and 97.774% of Series EEE principal.
- Interest payable semi-annually starting Dec 15, 2025; bonds redeemable at issuer's option.
- Offering registered under Form S-3 (File 333-270939); underwriting agreement dated May 12, 2025.