Company: SREA
Filing Date: 2025-08-26
Form Type: 424B5
Source: 0001193125-25-188201
Chunk: 24

Company: SEMPRA
Filing Date: 2025-08-26
Form: 424B5
Chunk 24
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 being redeemed, plus, subject to the terms described in the first paragraph under “Description of the Notes—Redemption—Redemption Procedures; Cancellation of Redemption” in this prospectus
supplement, accrued and unpaid interest on the notes to be redeemed to, but excluding, the redemption date. In addition, the notes may be redeemed by us at our option, in whole but not in part, following the occurrence and during the continuance of
either a Tax Event or a Rating Agency Event (as those terms are defined under “Description of the Notes—Redemption” in this prospectus supplement). Any decision we may make at any time to redeem the notes before their final
maturity date will depend upon, among other things, the strength of our balance sheet, our results of operations, our access to the capital markets, interest rates, our growth strategy, and general market conditions at such time. Accordingly, while
we may decide to do so, investors should not expect us to redeem the notes on the first or any other date on which they are redeemable.

S-16

USE OF PROCEEDS

We estimate that the net proceeds to us from the sale of the notes will be approximately $ million after deducting
the underwriting discount but before deducting estimated offering expenses payable by us. We intend to use the net proceeds from this offering to pay a portion of the cost to redeem all outstanding shares of Sempra’s 4.875% Fixed-Rate Reset
Cumulative Redeemable Perpetual Preferred Stock, Series C, subject to approval thereof by the Sempra board of directors. We estimate that our expenses for this offering, excluding the underwriting discount, will be approximately $1.4 million.

Pending application of the net proceeds from this offering for the foregoing intended purposes, we expect to invest such net proceeds in
various instruments which may include, but would not be limited to, short- and intermediate-term, interest-bearing obligations, including bank deposits and certificates of deposit with financial institutions having investment-grade ratings, U.S.
government obligations or money market funds primarily invested in securities issued by the U.S. government or its agencies.

One or more
of the underwriters participating in this offering and/or their affiliates may hold positions in our 4.875% Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, Series C. To the extent that net proceeds from this offering are used to
redeem such preferred stock held by any of the underwriters or their affiliates, they