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Sempra logoSempra SRE

The company said San Diego Gas & Electric Company, an indirect subsidiary of Sempra, closed the public offering of $600,000,000 aggregate principal amount of its 5.550% First Mortgage Bonds, Series BBBB, due 2054, on March 22, 2024.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said San Diego Gas & Electric Company, an indirect subsidiary of Sempra, closed the public offering of $600,000,000 aggregate principal amount of its 5.550% First Mortgage Bonds, Series BBBB, due 2054, on March 22, 2024.

  2. The company said San Diego Gas & Electric Company received 98.109% of the bonds' aggregate principal amount, after deducting the underwriting discount but before other offering expenses, which it estimated at approximately $1.5 million.

  3. The company said the bonds mature on April 15, 2054 and bear interest at 5.550% per year from March 22, 2024. Interest is payable semiannually in arrears on April 15 and October 15, beginning on October 15, 2024.

  4. The company said the bonds were issued on March 22, 2024 under the Seventy-Sixth Supplemental Indenture and were registered on Form S-3 (File No. 333-269677). The redemption terms before maturity are set out in the form of bond.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

San Diego Gas & Electric closes $600,000,000 5.550% First Mortgage Bonds offering

The company said San Diego Gas & Electric Company, an indirect subsidiary of Sempra, closed the public offering of $600,000,000 aggregate principal amount of its 5.550% First Mortgage Bonds, Series BBBB, due 2054, on March 22, 2024.

Source · Based on the filing body and exhibits

Net proceeds after underwriting discount at 98.109%

The company said San Diego Gas & Electric Company received 98.109% of the bonds' aggregate principal amount, after deducting the underwriting discount but before other offering expenses, which it estimated at approximately $1.5 million.

Source · Based on the filing body and exhibits

Maturity and interest payment terms

The company said the bonds mature on April 15, 2054 and bear interest at 5.550% per year from March 22, 2024. Interest is payable semiannually in arrears on April 15 and October 15, beginning on October 15, 2024.

Source · Based on the filing body and exhibits

Seventy-Sixth Supplemental Indenture and Form S-3 registration

The company said the bonds were issued on March 22, 2024 under the Seventy-Sixth Supplemental Indenture and were registered on Form S-3 (File No. 333-269677). The redemption terms before maturity are set out in the form of bond.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.