SRE · Sempra

Summary

San Diego Gas & Electric Company, an indirect subsidiary of Sempra, closed its public offering and sale of $625,000,000 aggregate principal amount of 5.200% First Mortgage Bonds, Series DDDD, due 2036 and $475,000,000 aggregate principal amount of 5.950% First Mortgage Bonds, Series EEEE, due 2056 on March 20, 2026. Proceeds to the Company after underwriting discount but before other offering expenses of approximately $2.6 million were 99.104% of principal for Series DDDD Bonds and 98.517% for Series EEEE Bonds.

Key takeaways

• San Diego Gas & Electric Company closed $625,000,000 5.200% First Mortgage Bonds, Series DDDD due March 15, 2036
• Closed $475,000,000 5.950% First Mortgage Bonds, Series EEEE due March 15, 2056
• Proceeds after underwriting discount: 99.104% of Series DDDD principal, 98.517% of Series EEEE principal
• Other offering expenses estimated at $2.6 million
• Interest accrues from March 20, 2026, payable semiannually on March 15 and September 15 starting September 15, 2026
• Issued pursuant to Seventy-Eighth Supplemental Indenture (Exhibit 4.1) and Seventy-Ninth Supplemental Indenture (Exhibit 4.2)