Sempra Subsidiary Closes $1.1 Billion First Mortgage Bond Offering

summarizeSummary

Sempra's subsidiary, San Diego Gas & Electric Company, has completed a $1.1 billion public offering of First Mortgage Bonds, securing approximately $1.085 billion in net proceeds.

check_boxKey Events

• Debt Offering Closed

  San Diego Gas & Electric Company (SDG&E), a Sempra subsidiary, closed its public offering of First Mortgage Bonds.

• Significant Capital Raised

  The offering included $625 million in 5.200% bonds due 2036 and $475 million in 5.950% bonds due 2056, totaling $1.1 billion in principal amount.

• Net Proceeds

  SDG&E received approximately $1.085 billion in net proceeds after deducting underwriting discounts and estimated offering expenses.

• Follows Prior Announcement

  This closing finalizes the debt offering that was previously announced via an underwriting agreement filed on March 17, 2026.

auto_awesomeAnalysis

San Diego Gas & Electric Company (SDG&E), an indirect subsidiary of Sempra, has successfully closed its previously announced public offering of $1.1 billion in First Mortgage Bonds. This financing, consisting of $625 million in 5.200% bonds due 2036 and $475 million in 5.950% bonds due 2056, provides substantial capital for the utility. The net proceeds to SDG&E, after underwriting discounts and estimated offering expenses, are approximately $1.085 billion. This closing finalizes the debt offering that was initiated with an underwriting agreement filed on March 17, 2026, and represents a routine but significant capital raise for a utility company to fund its operations and infrastructure investments.