SOUTHERN CALIFORNIA GAS CO 8-K

What Happened
Southern California Gas Company (an indirect subsidiary of Sempra) announced on May 11, 2026 that it entered into an underwriting agreement to issue and sell $650,000,000 aggregate principal amount of 5.900% First Mortgage Bonds, Series FFF, due 2056. The bonds will be offered in a registered public offering under the company’s effective Form S-3 shelf registration, with a public offering price of 99.536% of par. The underwriting agreement names BNP Paribas Securities Corp., CIBC World Markets Corp., Mizuho Securities USA LLC and Wells Fargo Securities, LLC as the representatives of the underwriters. A copy of the underwriting agreement is filed as Exhibit 1.1 to the 8-K.

Key Details

• Offering size: $650,000,000 aggregate principal amount.
• Coupon and maturity: 5.900% interest, due 2056 (long-term bonds).
• Public offering price: 99.536% of par (slightly below par).
• Underwriters: BNP Paribas, CIBC World Markets, Mizuho Securities USA and Wells Fargo Securities; offering to be made by prospectus supplement under the company’s Form S-3 shelf.

Why It Matters
This transaction increases Southern California Gas Company’s long-term debt by $650 million and will affect the company’s capital structure and fixed interest obligations (5.900% coupon). For investors, key items to watch are the use of proceeds (not specified in the 8-K), any related disclosures in the prospectus supplement, and potential impacts on credit metrics or future cash flow needs given the long 2056 maturity. The underwriting agreement is filed with the SEC, and the bonds will only be sold through the stated prospectus supplement and related prospectus.