Company: SREA
Filing Date: 2025-08-26
Form Type: 424B5
Source: 0001193125-25-188201
Chunk: 17

Company: SEMPRA
Filing Date: 2025-08-26
Form: 424B5
Chunk 17
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 of payment to all of Sempra’s existing and future Senior Indebtedness (as defined under “Description of the Notes—Subordination”). This means that, in the event of (a) Sempra’s dissolution, winding-up, liquidation or reorganization, (b) Sempra’s failure to pay any interest, principal or other monetary amounts due on any of its Senior Indebtedness when due (and continuance of that default
beyond any applicable grace period) or (c) acceleration of the maturity of any of Sempra’s Senior Indebtedness as a result of a default, Sempra will not be permitted to make any payments on the notes until, in the case of clause (a), all
amounts due or to become due on all of its Senior Indebtedness have been paid in full, or, in the case of clauses (b) and (c), all amounts due on its Senior Indebtedness have been paid in full. For additional information about the subordination
of the notes to our Senior Indebtedness, see “Description of the Notes—Subordination” in this prospectus supplement. At June 30, 2025, Sempra had approximately $9 billion aggregate principal amount of Senior Indebtedness
outstanding. In addition, the notes will be effectively subordinated in right of payment to any secured indebtedness Sempra may in the future incur (to the extent of the value of the collateral securing such secured indebtedness). Due to the
subordination of the notes to the Senior Indebtedness of Sempra and the effective subordination of the notes to any secured indebtedness of Sempra, if Sempra’s assets are distributed upon its dissolution,
winding-up, liquidation or reorganization, holders of its Senior Indebtedness and any secured indebtedness would likely recover more, ratably, than the holders of the notes, and it is possible that no payments
would be made to the holders of the notes.

In addition, the notes are the obligations of Sempra exclusively and are not the obligations
of any of its subsidiaries or any entities it accounts for as equity method investments. Because Sempra conducts its operations primarily through its subsidiaries and substantially all of Sempra’s consolidated assets are held by its
subsidiaries and entities it does not control, which include equity method investments, the notes will be effectively subordinated in right of payment to all existing and future indebtedness and other liabilities and preferred equity

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