SDG&E (Sempra subsidiary) closed on Mar 20: $625M 5.200% 1st Mortgage Bonds (Series DDDD) due 3/15/2036…
Filed with the SEC on · Summarized by InvestorsBot
SDG&E (Sempra subsidiary) closed on Mar 20: $625M 5.200% 1st Mortgage Bonds (Series DDDD) due 3/15/2036 and $475M 5.950% 1st Mortgage Bonds (Series EEEE) due 3/15/2056 — total $1.1B. Interest accrues from 3/20/2026, paid semiannually. $SRE 🏦 #bonds #utilities
Pricing/proceeds: Series DDDD at 99.104% and Series EEEE at 98.517% (after underwriting discount); other offering expenses ≈ $2.6M. Sale registered on Form S‑3 (File No. 333-269677); indentures filed as Exhibits 4.1/4.2. $SRE 📑 #finance #debt
Investor takeaway: adds $1.1B of secured mortgage-lien debt, locks long-term fixed rates (5.20% & 5.95%) and extends maturity profile to 2036/2056 — will increase long-term interest obligations and affects leverage metrics. $SRE ⚖️ #credit #investing