Company: SREA
Filing Date: 2025-08-27
Form Type: 424B2
Source: 0001193125-25-189685
Chunk: 18

Company: SEMPRA
Filing Date: 2025-08-27
Form: 424B2
Chunk 18
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30, 2025, Sempra’s subsidiaries had total indebtedness and other liabilities of approximately $48 billion owing to unaffiliated third
parties, to which the notes would be effectively subordinated in right of payment. See “Risk Factors—Risks Related to Sempra—Operational and Structural Risks—Sempra’s ability to pay dividends and meet its obligations
largely depends on the performance of its subsidiaries and entities accounted for as equity method investments” in our Annual Report on Form 10-K for the year ended December 31, 2024, incorporated
by reference in this prospectus supplement and the accompanying prospectus.

The notes will rank equally in right of payment with
Sempra’s outstanding 4.125% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2052, 6.400%
Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054, 6.875% Fixed-to-Fixed Reset
Rate Junior Subordinated Notes due 2054, 6.625% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055, 6.550% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055, and 5.750% Junior Subordinated Notes due 2079 and with any future unsecured indebtedness that Sempra may incur from time to time if the terms of
such indebtedness provide that it ranks equally with the notes in right of payment. At June 30, 2025, Sempra had $1.0 billion aggregate principal amount of its 4.125%
Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2052 outstanding, $1.25 billion aggregate principal amount of its 6.400% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054 outstanding, $1.1 billion aggregate principal amount of its 6.875%
Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054 outstanding, $400 million aggregate principal amount of its 6.625% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055 outstanding, $600 million aggregate principal amount of its 6.550%
Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2055 outstanding, and $758 million aggregate principal amount of its 5.750% Junior Subordinated Notes due
2079 outstanding.

The indenture does not limit the amount of Senior Indebtedness or secured indebtedness that may be incurred by Sempra