Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 260

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 260
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 outstanding and any letters of credit outstanding as a reduction to the available unused credit.

Short-Term Borrowings

We use short-term debt primarily to meet liquidity requirements, fund shareholder dividends, and temporarily finance capital expenditures or acquisitions. SDG&E and SoCalGas use short-term debt primarily to meet working capital needs or to help fund event-specific costs. Commercial paper, a term loan and lines of credit were our primary sources of short-term debt funding in 2024.

We discuss our short-term debt activities in Note 6 of the Notes to Consolidated Financial Statements and below in “Sources and Uses of Cash.”

2024 Form 10-K  |  83

The following table shows selected statistics for our commercial paper borrowings.

COMMERCIAL PAPER STATISTICS(Dollars in millions)SempraSDG&ESoCalGasDecember 31,202420232024202320242023Amount outstanding at period end$754 $1,313 $417 $— $337 $947 Weighted-average interest rate at period end4.67 %5.48 %4.76 %— %4.56 %5.44 %Daily weighted-average outstanding balance$1,320 $1,329 $161 $48 $313 $301 Daily weighted-average yield4.74 %5.02 %2.46 %1.00 %4.98 %4.24 %Maximum daily amount outstanding$2,503 $2,119 $696 $408 $966 $982 

Long-Term Debt Activities

Significant issuances of and payments on long-term debt in 2024 included the following:

LONG-TERM DEBT ISSUANCES AND PAYMENTS(Dollars in millions)Issuances:Amount at issuanceMaturitySempra 6.40% junior subordinated notes$1,250 2054Sempra 6.875% junior subordinated notes600 2054Sempra 6.875% junior subordinated notes500 2054Sempra 6.55% junior subordinated notes600 2055Sempra 6.625% junior subordinated notes400 2055SDG&E 5.55% first mortgage bonds600 2054SoCalGas 5.05% first mortgage bonds600 2034SoCalGas 5.60% first mortgage bonds500 2054Sempra Infrastructure variable rate notes (