Company: SREA
Filing Date: 2025-09-23
Form Type: 8-K
Source: 0001032208-25-000055
Chunk: 3

Company: SEMPRA
Filing Date: 2025-09-23
Form: 8-K
Item: Item 8.01
Chunk 3
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 post-Closing incremental equity share in Sempra Infrastructure Partners. The A& R LPA also requires the limited partners to fund capital calls under certain circumstances, which vary depending on whether a project has reached positive FID. Sempra will continue to have substantially similar funding obligations under the A& R LPA as compared to the current LPA for cost overruns in certain projects, including the ECA LNG Phase 1 project and Phase 1 of the Port Arthur LNG liquefaction project (the “ PA LNG Phase 1 project”), as described in the Form 8-Ks filed by Sempra with the U. S. Securities and Exchange Commission onApril 5, 2021(the “2021 Form 8-K”) andMarch 20, 2023. The remedies for failing to fund a required capital call generally remain the same as under the LPA, which are described in the2021 Form 8-K.

If a project fails to receive the required limited partner approvals to achieve FID, the KKR Partners will be permitted to proceed with the project independently through a different investment vehicle or as a “ Sole Risk Project” within Sempra Infrastructure Partners in exchange for “ Sole Risk Interests.” The structure of Sole Risk Projects and Sole Risk Interests is described in the2021 Form 8-K. The Guaymas-El Oro segment of the Sonora pipeline will continue to be owned by and a Sole Risk Project of Sempra, with property, plant and equipment, net, at the end of the second quarter of 2025 of approximately $400 million.

Under the A& R LPA, Sempra will be restricted from transferring its units before January 1, 2029. Any proposed transfer (other than a permitted transfer) by a minority partner to a third party will generally be subject to a right of first offer of the KKR Partners. The minority partners will have co-sale rights in respect of any transfer by the KKR Partners of over 50% of Sempra Infrastructure Partners’ equity interests. The KKR Partners will have customary drag-along rights in connection with any sale of Sempra Infrastructure Partners, provided that the minority partners obtain minimum return thresholds. The A& R LPA includes customary registration rights for the limited partners in the event of an initial public offering of Sempra Infrastructure Partners.

PA LNG Phase 2 Project

Final Investment Decision

On September 22, 2025, Sempra Infrastructure Partners approved a positive FID with respect to the development, construction and operation of the