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San Diego Gas & Electric Company, an indirect subsidiary of Sempra, closed its public offering of $850,000,000 in 5.400% First Mortgage Bonds, Series CCCC, due 2035 on March 28, 2025, the company said.

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

Key points

AI summary
  1. San Diego Gas & Electric Company, an indirect subsidiary of Sempra, closed its public offering of $850,000,000 in 5.400% First Mortgage Bonds, Series CCCC, due 2035 on March 28, 2025, the company said.

  2. The company said the bonds' proceeds, after deducting the underwriting discount but before deducting other offering expenses estimated at about $2.0 million, were 99.070% of the bonds' aggregate principal amount.

  3. The company said the bonds mature on April 15, 2035 and bear interest at 5.400% per year, accruing from March 28, 2025. Interest is payable semiannually in arrears on April 15 and October 15, with the first payment on October 15, 2025.

  4. The company said the bonds were issued under the Seventy-Seventh Supplemental Indenture, dated as of March 28, 2025, and may be redeemed before maturity at the prices and under the circumstances set forth 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 $850,000,000 First Mortgage Bonds offering

San Diego Gas & Electric Company, an indirect subsidiary of Sempra, closed its public offering of $850,000,000 in 5.400% First Mortgage Bonds, Series CCCC, due 2035 on March 28, 2025, the company said.

Source · Based on the filing body and exhibits

Bonds priced at 99.070%, with about $2.0 million in offering costs

The company said the bonds' proceeds, after deducting the underwriting discount but before deducting other offering expenses estimated at about $2.0 million, were 99.070% of the bonds' aggregate principal amount.

Source · Based on the filing body and exhibits

Maturity and interest payment terms

The company said the bonds mature on April 15, 2035 and bear interest at 5.400% per year, accruing from March 28, 2025. Interest is payable semiannually in arrears on April 15 and October 15, with the first payment on October 15, 2025.

Source · Based on the filing body and exhibits

Issuance documents and redemption terms

The company said the bonds were issued under the Seventy-Seventh Supplemental Indenture, dated as of March 28, 2025, and may be redeemed before maturity at the prices and under the circumstances set forth 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.