Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 518

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 518
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 with Sempra’s consolidated financial statements and the accompanying notes thereto included in this Form 10-K.Sempra received cash dividends from its subsidiaries totaling $908 million, $1.9 billion and $832 million in 2024, 2023 and 2022, respectively.

NOTE 2. NEW ACCOUNTING STANDARDS

We describe in Note 2 of the Notes to Consolidated Financial Statements recent pronouncements that have had or may have a significant effect on Sempra’s results of operations, financial condition, cash flows or disclosures.

NOTE 3. DEBT AND CREDIT FACILITY

SHORT-TERM DEBTCommitted Line of CreditAt December 31, 2024, Sempra had capacity of $4.0 billion under a committed line of credit, which provides liquidity and supports its commercial paper program, with available unused credit of $4.0 billion before reductions of any unamortized discounts.The principal terms of Sempra’s committed line of credit include the following:▪The facility has a syndicate of 23 lenders. No single lender has greater than a 6% share in the facility. ▪The facility provides for the issuance of $200 million of letters of credit. Subject to obtaining commitments from existing or new lenders and satisfaction of other specified conditions, Sempra has the right to increase its letter of credit commitment to up to $500 million. No letters of credit were outstanding at December 31, 2024.▪Borrowings bear interest at a benchmark rate plus a margin that varies with Sempra’s credit rating.▪Sempra must maintain a ratio of indebtedness to total capitalization (as defined in its credit facility) of no more than 65% at the end of each quarter. At December 31, 2024, Sempra was in compliance with this ratio under its credit facility.

2024 Form 10-K  |  S-6

LONG-TERM DEBTThe following table shows the detail and maturities of uncollateralized long-term debt outstanding.LONG-TERM DEBT(Dollars in millions)December 31, 202420233.30% Notes April 1, 2025$750 $750 5.40% Notes August 1, 2026550 550 3.25% Notes June 15, 2027750 750 3.40% Notes February 1, 20281,000 1,000 3.70