secwatch.observer — SEC 8-K summary
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Issuer:     SEMPRA (SRE)
CIK:        0001032208
Form:       8-K
Filed at:   2025-08-29T23:59:59+00:00
Accession:  0001193125-25-192798
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sempra closes $800M offering of 6.375% junior subordinated notes due 2056
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- Net proceeds ~$792M after underwriting discounts; intended to redeem all outstanding 4.875% Series C preferred stock subject to board approval.
- Notes bear interest at 6.375% through April 2031, then reset at 5-year UST rate plus 2.632% with a 6.375% floor.
- Maturity on April 1, 2056; interest payable semi-annually on April 1 and October 1, beginning April 2026.
- Sempra may defer interest for up to 20 consecutive semi-annual periods, subject to no event of default.
- Offering underwritten by Barclays, Citigroup, Credit Agricole, MUFG, and Santander at 100% of principal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1032208/000119312525192798/0001193125-25-192798-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1032208/000119312525192798/d92963d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-192798

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