Sempra said it closed the public offering and sale of $400,000,000 of its 6.625% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055 and $600,000,000 of its 6.550% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055 on November 18, 2024.

1. 01

   Sempra said it closed the public offering and sale of $400,000,000 of its 6.625% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055 and $600,000,000 of its 6.550% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055 on November 18, 2024.

2. 02

   The company said net proceeds, after underwriting discounts but before offering expenses of about $1.7 million, were about $990.0 million.

3. 03

   The company said the Non-Call 5 2055 notes bear interest at 6.625% per year until April 1, 2030, and thereafter at the Five-year U.S. Treasury Rate plus 2.354%. The Non-Call 10 2055 notes bear interest at 6.550% per year until April 1, 2035, and thereafter at 2.138% plus the Five-year U.S. Treasury Rate.

4. 04

   The company said it may defer interest payments on each series, provided no event of default has occurred and is continuing, for up to 20 consecutive semi-annual interest payment periods. It said it may redeem the notes, beginning 90 days before the applicable First Reset Date, at 100% of principal plus accrued and unpaid interest.

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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

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