debt
confidence high
sentiment neutral
materiality 0.50
SoCalGas closes $500M 5.500% First Mortgage Bond offering due 2036
SEMPRA
- Southern California Gas Co closed $500M aggregate principal of 5.500% First Mortgage Bonds, Series GGG, due Sept 1, 2036.
- Net proceeds to issuer are 98.755% of principal (~$493.775M) after underwriting discount; est. other offering expenses ~$1.1M.
- Interest accrues from Aug 21, 2026; paid semiannually Mar 1 and Sep 1, first payment Mar 1, 2027; redeemable at company option.
- Bonds sold under S-3 registration (File No. 333-295219); Supplemental Indenture dated Aug 21, 2026 with U.S. Bank National Association.