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Get filing alertsSempra subsidiary closes $650M 30-year bond offering at 5.900%
Filed May 15, 2026 · Period ending May 15, 2026 · ~1 min read
Key Changes
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Southern California Gas Company closed $650M of 30-year first mortgage bonds at 5.900%, maturing June 2056, with net proceeds of ~$641M after underwriting discount.
Item 8.01 verify on EDGAR → -
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Bonds pay interest semiannually starting December 2026 and are callable at the company's option, extending the utility's debt maturity profile for three decades.
Item 8.01 verify on EDGAR →
Summary
Sempra's Southern California Gas Company subsidiary completed a $650 million bond offering on May 15, 2026, issuing 30-year first mortgage bonds at a 5.900% coupon. The bonds mature in June 2056 and pay interest semiannually, with the first payment due December 2026. Net proceeds after the underwriting discount totaled approximately $641 million, with an additional $1.4 million in offering expenses.
This is a routine debt financing for a regulated utility. The 30-year maturity extends SoCalGas's debt profile and locks in long-term funding at a fixed rate. For Sempra shareholders, this represents standard capital structure management at the subsidiary level with no immediate operational or strategic implications. The bonds are callable at the company's option, providing refinancing flexibility if rates decline materially over the three-decade term.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On May 15, 2026, Southern California Gas Company (the “Company”), an indirect subsidiary of Sempra, closed its previously announced public offering and sale of $650,000,000 aggregate principal amount of its 5.900% First Mortgage Bonds, Series FFF, due 2056 (the “Bonds”) with proceeds to the Company (after deducting the underwriting discount but before deducting the Company’s other offering expenses estimated at approximately $1.4 million) of 98.661% of the aggregate principal amount of the Bonds.
Southern California Gas Company, a Sempra subsidiary, completed a $650 million bond offering on May 15, 2026. The 30-year bonds carry a 5.900% coupon and mature June 1, 2056. Net proceeds after underwriting discount were approximately $641.3 million (98.661% of principal), with additional offering expenses of about $1.4 million still to be deducted.
Added in current filing · verify on EDGAR →
The Bonds will mature on June 1, 2056. The Bonds will bear interest at the rate of 5.900% per annum. Interest on the Bonds will accrue from May 15, 2026 and is payable semiannually in arrears on June 1 and December 1 of each year, beginning on December 1, 2026. The Bonds will be redeemable prior to maturity, at the Company’s option, at the redemption prices described in the form of Bond
The bonds have a 30-year maturity with semiannual interest payments on June 1 and December 1. The company retains the option to redeem the bonds early at specified redemption prices. This long-dated debt extends the utility's maturity profile and locks in financing for three decades.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 9, 2026 · How we verify