Southern California Gas Co. Prices $650M First Mortgage Bond Offering
SRE sits 28% above its 52-week low of $73.06.
Summary
Southern California Gas Company, a Sempra subsidiary, priced a $650 million offering of 5.900% First Mortgage Bonds due 2056, securing capital for its operations.
Key Events · Financing and Capital Events · SRE
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Bond Offering Priced
Southern California Gas Company entered into an underwriting agreement to issue and sell $650,000,000 aggregate principal amount of its 5.900% First Mortgage Bonds, Series FFF, due 2056.
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Offering Terms
The bonds were offered at a public offering price of 99.536% of the aggregate principal amount, with a yield to maturity of 5.933%.
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Net Proceeds
The company expects to receive approximately $641.3 million in net proceeds from the sale, after deducting underwriting discounts.
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Underwriters
BNP Paribas Securities Corp., CIBC World Markets Corp., Mizuho Securities USA LLC, and Wells Fargo Securities, LLC are acting as representatives for the underwriters.
Analysis · SRE · Energy & Transportation
Southern California Gas Company, an indirect subsidiary of Sempra, has finalized the terms for a $650 million public offering of First Mortgage Bonds. This debt issuance is a routine but significant capital raise for a utility, providing funds for general corporate purposes and supporting its ongoing infrastructure investments. The offering is priced at a slight discount, which is typical for bond issuances, and contributes to Sempra's overall capital plan for its utility operations.
How filings like this one have moved
In the 30 days to Sep 16, 2026, 30% of the 1759 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.34%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SRE was trading at $93.41 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $61.1B. The 52-week trading range was $73.06 to $101.04. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.