Sempra Issues $575M in Junior Subordinated Notes
Ticker: SRE · Form: 8-K · Filed: 2024-08-09T00:00:00.000Z
Sentiment: neutral
Topics: debt-issuance, financing, financial-statements
Related Tickers: SRE
TL;DR
Sempra just dropped $575M in new debt (notes due 2079).
AI Summary
On August 8, 2024, Sempra Energy filed an 8-K to report the issuance of $575 million in Junior Subordinated Notes due 2079. This filing also includes financial statements and exhibits related to the company's operations.
Why It Matters
This debt issuance provides Sempra with capital, potentially for expansion or operational needs, impacting its financial structure and future investment capacity.
Risk Assessment
Risk Level: low — The filing is a routine debt issuance and financial reporting event, not indicating immediate operational or financial distress.
Key Numbers
- $575M — Junior Subordinated Notes (Amount issued by Sempra)
Key Players & Entities
- Sempra Energy (company) — Filer
- Southern California Gas Co (company) — Subsidiary/Related Entity
- $575 million (dollar_amount) — Amount of Junior Subordinated Notes issued
- 2079 (date) — Maturity year of the notes
- August 8, 2024 (date) — Reporting date
FAQ
What is the purpose of the $575 million Junior Subordinated Notes?
The filing does not explicitly state the purpose, but such issuances are typically for general corporate purposes, including funding operations, capital expenditures, or refinancing existing debt.
When are the Junior Subordinated Notes due?
The notes are due in 2079.
What is the relationship between Sempra and Southern California Gas Co. in this filing?
Southern California Gas Co. is listed as a related entity, and its Central Index Key is provided, suggesting it is a subsidiary or closely associated company within the Sempra group.
What type of financial statements are included in this filing?
The filing indicates that financial statements and exhibits are included as part of the 8-K submission.
What is Sempra's primary industry classification?
Sempra's primary industry classification is listed as 'GAS & OTHER SERVICES COMBINED [4932]'.
Filing Stats: 710 words · 3 min read · ~2 pages · Grade level 11.6 · Accepted 2024-08-09 16:45:04
Key Financial Figures
- $25 — 75% Junior Subordinated Notes Due 2079, $25 par value SREA New York Stock Excha
- $600,000,000 — nderwriters, severally and not jointly, $600,000,000 aggregate principal amount of its 5.050
Filing Documents
- d705020d8k.htm (8-K) — 48KB
- d705020dex11.htm (EX-1.1) — 134KB
- g705020g0809074109188.jpg (GRAPHIC) — 2KB
- g705020g0809074109455.jpg (GRAPHIC) — 2KB
- 0001193125-24-197901.txt ( ) — 399KB
- sre-20240808.xsd (EX-101.SCH) — 5KB
- sre-20240808_cal.xml (EX-101.CAL) — 1KB
- sre-20240808_def.xml (EX-101.DEF) — 14KB
- sre-20240808_lab.xml (EX-101.LAB) — 23KB
- sre-20240808_pre.xml (EX-101.PRE) — 15KB
- d705020d8k_htm.xml (XML) — 9KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Exhibit Description 1.1 Underwriting Agreement, dated August 8, 2024, among Southern California Gas Company and the representatives of the several underwriters named therein. 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized. SEMPRA, (Registrant) Date: August 9, 2024 By: /s/ Peter R. Wall Peter R. Wall Senior Vice President, Controller and Chief Accounting Officer SOUTHERN CALIFORNIA GAS COMPANY, (Registrant) Date: August 9, 2024 By: /s/ Sara P. Mijares Sara P. Mijares Vice President, Controller, Chief Accounting Officer and Assistant Treasurer