Business Context and Reporting Period
This Form 8-K is a current report filed by SEMPRA and its indirect subsidiary, Southern California Gas Company (SoCalGas), on August 21, 2026. The filing reports the closing of a previously announced public debt offering by SoCalGas.
Key Financial Metrics and Transaction Details
- Debt Issuance: SoCalGas issued $500,000,000 aggregate principal amount of 5.500% First Mortgage Bonds, Series GGG, due 2036.
- Proceeds: The Company received proceeds of 98.755% of the aggregate principal amount (approximately $493.775 million) after deducting the underwriting discount but before deducting other offering expenses estimated at approximately $1.1 million.
- Interest Terms: Bonds bear interest at 5.500% per annum, payable semiannually in arrears on March 1 and September 1, beginning March 1, 2027.
- Maturity: The Bonds mature on September 1, 2036.
- Redemption: The Bonds are redeemable prior to maturity at the Company's option at specified redemption prices.
Material Changes
The filing does not provide comparative financial data (e.g., revenue, profit, or cash flow) for the current period versus prior periods. The primary material change reported is the increase in long-term debt obligations and the corresponding cash inflow from the bond issuance.
Outlook, Risks, and Management Commentary
The filing contains no management commentary regarding future guidance, operational outlook, or specific risk factors beyond the standard terms of the bond indenture. The transaction was registered under the Company's Registration Statement on Form S-3 (File No. 333-295219). Further details regarding the sale are contained in the Underwriting Agreement filed on August 18, 2026.
Investor Verification Checklist
- Verify the final net proceeds after deducting the estimated $1.1 million in offering expenses.
- Review the Supplemental Indenture (Exhibit 4.1) for specific redemption price schedules and covenants.
- Confirm the use of proceeds for the $500 million bond issuance in subsequent financial reports.
- Check the impact of the new 5.500% debt on the Company's overall weighted average cost of debt and leverage ratios.