Southern California Gas Company and its parent Sempra filed a Form 8-K on August 21, 2026, disclosing the closing of a $500,000,000 public offering of 5.500% First Mortgage Bonds, Series GGG, due 2036.

Key Highlights

  • Offering size: $500,000,000 aggregate principal amount of 5.500% First Mortgage Bonds, Series GGG, due 2036.
  • Net proceeds price: 98.755% of aggregate principal amount, after deducting the underwriting discount but before other offering expenses estimated at approximately $1.1 million.
  • Maturity date: The Bonds will mature on September 1, 2036.
  • Interest terms: Bonds bear interest at 5.500% per annum, accruing from August 21, 2026, payable semiannually on March 1 and September 1, beginning March 1, 2027.
  • Optional redemption: The Bonds are redeemable prior to maturity at the Company's option, at prices described in the form of Bond included as Exhibit 4.1.
  • Registration: The sale was registered under the Company's Registration Statement on Form S-3, File No. 333-295219.

Southern California Gas Company Closes Series GGG First Mortgage Bond Issuance

According to the filing, Southern California Gas Company, described as an indirect subsidiary of Sempra (NYSE:SRE), closed its previously announced public offering on August 21, 2026. The company issued $500,000,000 in aggregate principal amount of 5.500% First Mortgage Bonds, Series GGG, due 2036. The filing disclosed that proceeds to the company, after deducting the underwriting discount but before other offering expenses estimated at approximately $1.1 million, equaled 98.755% of the aggregate principal amount of the Bonds.

The Bonds were issued pursuant to a Supplemental Indenture dated as of August 21, 2026, filed as Exhibit 4.1 to the current report. The filing stated that interest accrues from August 21, 2026, and is payable semiannually in arrears on March 1 and September 1 of each year, with the first payment beginning on March 1, 2027. The Bonds carry an optional redemption feature allowing the company to redeem them prior to maturity at redemption prices described in the form of Bond included in Exhibit 4.1.

The filing noted that further information regarding the sale is contained in the Underwriting Agreement dated August 17, 2026, which was filed as Exhibit 1.1 to the company's Current Report on Form 8-K filed with the SEC on August 18, 2026. The filing also included a legal opinion from Latham and Watkins LLP as Exhibit 5.1. The report was signed on behalf of both Sempra and Southern California Gas Company by their respective Vice Presidents, Controllers, and Chief Accounting Officers.

What Was Disclosed

Southern California Gas Company disclosed the August 21, 2026 closing of a $500,000,000 offering of 5.500% First Mortgage Bonds, Series GGG, maturing September 1, 2036, with proceeds at 98.755% of principal after underwriting discount and before approximately $1.1 million in other expenses.