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

Company: SEMPRA
Filing Date: 2025-08-27
Form: 424B2
Chunk 25
---
 underwriters or their affiliates, they will receive proceeds from this offering through the redemption of such preferred stock. If the amount of such proceeds so received by any underwriter or its
affiliates is 5% or more of the net proceeds of this offering (not including the underwriting discount), such underwriter would be deemed to have a conflict of interest within the meaning of Financial Industry Regulatory Authority, Inc.
(“FINRA”) Rule 5121. In such event, this offering would be conducted in compliance with FINRA Rule 5121 and such underwriter would not be permitted to make sales in this offering to any discretionary account without the prior written
approval of the customer. Pursuant to that rule, the appointment of a “qualified independent underwriter” would not be required in connection with this offering, as the notes are “investment grade rated” (as defined in FINRA
Rule 5121). See “Underwriting (Conflicts of Interest)—Other Relationships” and “Underwriting (Conflicts of Interest)—Conflicts of Interest.”

S-17

DESCRIPTION OF THE NOTES

The notes will be a series of our junior subordinated debt securities issued under an indenture between Sempra, as issuer, and U.S. Bank Trust
Company, National Association, as successor in interest to U.S. Bank National Association, as trustee (the “trustee”), dated as of June 26, 2019 (the “indenture”). In this section and under the caption “Description
of Debt Securities” in the accompanying prospectus, references to “Sempra,” “we,” “us” and “our” mean Sempra excluding its consolidated entities, unless otherwise expressly stated or the context
otherwise requires.

The indenture is the “subordinated indenture” referred to under “Description of Debt
Securities” in the accompanying prospectus and the notes are a series of our subordinated debt securities referred to under such caption. The summary of selected provisions of the notes and the indenture appearing below supplements, and to the
extent inconsistent, supersedes and replaces, the description of the general terms and provisions of the subordinated debt securities and the subordinated indenture contained in the accompanying prospectus. This summary is not complete and is
qualified by reference to the provisions of the notes and the indenture. Forms of the notes and the indenture have been or will be filed with the SEC and you may obtain copies as described under “Where You Can Find More Information” in
the accompanying prospect