Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 421

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 421
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 respect of accrued interest from and including March 14, 2024 to, but excluding, May 31, 2024. Interest accrues from and including March 14, 2024 to, but excluding, October 1, 2029 at the rate of 6.875% per annum.▪In September 2024, Sempra issued $1.25 billion aggregate principal amount of 6.40% junior subordinated notes maturing on October 1, 2054, and received proceeds of $1.235 billion (net of underwriting discounts and debt issuance costs of $15 million). Interest accrues from and including September 9, 2024 to, but excluding, October 1, 2034 at the rate of 6.40% per annum.▪In November 2024, Sempra issued $400 million aggregate principal amount of 6.625% junior subordinated notes maturing on April 1, 2055, and received proceeds of $395 million (net of underwriting discounts and debt issuance costs of $5 million). Interest accrues from and including November 21, 2024 to, but excluding, April 1, 2030 at the rate of 6.625% per annum.▪In November 2024, Sempra issued $600 million aggregate principal amount of 6.55% junior subordinated notes maturing on April 1, 2055, and received proceeds of $593 million (net of underwriting discounts and debt issuance costs of $7 million). Interest accrues from and including November 21, 2024 to, but excluding, April 1, 2035 at the rate of 6.55% per annum.The interest rates on the notes will be reset on:▪October 1, 2029 (for the March 2024 and May 2024 issuances), ▪October 1, 2034 (for the September 2024 issuance), ▪April 1, 2030 (for the $400 million November 2024 issuance), and ▪April 1, 2035 (for the $600 million November 2024 issuance), and on each subsequent five-year period beginning on October 1 or April 1, as applicable, of every fifth year thereafter, at a rate per annum equal to the Five-year U.S. Treasury Rate (as defined in the notes) as of the day falling two business days before