San Diego Gas & Electric said it entered into an Underwriting Agreement on March 24, 2025 and agreed to issue and sell $850,000,000 of its 5.400% First Mortgage Bonds, Series CCCC, due 2035. The company is an indirect subsidiary of Sempra.

1. 01

   San Diego Gas & Electric said it entered into an Underwriting Agreement on March 24, 2025 and agreed to issue and sell $850,000,000 of its 5.400% First Mortgage Bonds, Series CCCC, due 2035. The company is an indirect subsidiary of Sempra.

2. 02

   The company said the bonds will be resold at a public offering price of 99.720% of the aggregate principal amount. It said CIBC World Markets Corp., Morgan Stanley & Co. LLC, TD Securities (USA) LLC and U.S. Bancorp Investments, Inc. are the representatives of the several underwriters.

3. 03

   Sempra's subsidiary said the bonds are being issued in a registered public offering under a prospectus supplement and related prospectus filed with the U.S. Securities and Exchange Commission, pursuant to San Diego Gas & Electric's effective Form S-3 shelf registration statement (File No. 333-269677).

4. 04

   The company said the Underwriting Agreement is filed as Exhibit 1.1 and incorporated by reference. It also said this 8-K does not constitute an offer to sell or a solicitation of an offer to buy any securities, and the securities are offered only by means of the prospectus supplement and related prospectus.

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