$SREA·8-K

SEMPRA · Mar 13, 4:05 PM ET

SEMPRA 8-K

Research Summary

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Updated

Sempra Announces $800M Debt Offering: 5.25% Notes Due 2036

What Happened
Sempra announced on March 13, 2026 that it closed a public offering of $800,000,000 aggregate principal amount of 5.250% senior notes due March 15, 2036. The notes were sold to underwriters at a public offering price of 99.823% of par, and proceeds to the company (after the underwriting discount but before estimated offering expenses of about $2.0 million) were approximately $793.4 million. Interest on the notes accrues from March 13, 2026 and is payable semi‑annually on March 15 and September 15, beginning September 15, 2026.

Key Details

  • Aggregate principal: $800,000,000 of 5.250% notes due March 15, 2036.
  • Proceeds: ~ $793.4 million (after underwriting discount, before ~ $2.0M of offering expenses).
  • Offering price to public: 99.823% of principal.
  • Interest/payment: 5.250% per year, interest accrues from March 13, 2026, paid semi‑annually March 15 and Sept 15 (first payment Sept 15, 2026).
  • Redemption: Notes are redeemable at Sempra’s option prior to maturity at the applicable redemption price.
  • Underwriters: Offering was underwritten by BBVA Securities, Citigroup, J.P. Morgan, Morgan Stanley and PNC (representatives). Notes were issued under an existing indenture with U.S. Bank Trust Company, N.A. as trustee.

Why It Matters
This transaction increases Sempra’s long‑term debt by $800 million and establishes a fixed annual interest cost of 5.25% on that amount. For investors, the new notes affect the company’s capital structure and future interest obligations, which can influence leverage ratios and interest expense reported in future periods. The filing does not specify how Sempra will use the proceeds.

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