Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 412

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 412
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 outstanding, before reductions of any unamortized discounts, and any letters of credit outstanding as a reduction to the available unused credit capacity in the following table.COMMITTED LINES OF CREDIT(Dollars in millions)December 31, 2024BorrowerExpiration date of facilityTotal facilityCommercialpaper outstandingAmounts outstandingLetters of credit outstandingAvailable unused creditSempraOctober 2029$4,000 $— $— $— $4,000 SDG&EOctober 20291,500 (417)— — 1,083 SoCalGasOctober 20291,200 (337)— — 863 SI Partners and IEnovaSeptember 2025500 — (368)— 132 SI Partners and IEnovaAugust 20261,000 — — — 1,000 SI Partners and IEnovaAugust 20281,500 — (186)— 1,314 Port Arthur LNGMarch 2030200 — — (64)136 Total$9,900 $(754)$(554)$(64)$8,528 

2024 Form 10-K  |  F-65

The principal terms of Sempra’s, SDG&E’s and SoCalGas’ lines of credit reflected in the table above include the following:▪Each facility has a syndicate of 23 lenders. No single lender has greater than a 6% share in any facility.▪Sempra’s, SDG&E’s and SoCalGas’ facilities provide for the issuance of $200 million, $100 million and $150 million, respectively, of letters of credit. Subject to obtaining commitments from existing or new lenders and satisfaction of other specified conditions, Sempra, SDG&E and SoCalGas each has the right to increase its letter of credit commitment to up to $500 million, $250 million and $250 million, respectively.▪Borrowings bear interest at a benchmark rate plus a margin that varies with the borrower’s credit rating.▪Each borrower must maintain a ratio of indebtedness to total capitalization (as defined in each of the applicable credit facilities) of no more than 65% at the end of each quarter. At December 31, 2024, each Registrant was in compliance with this ratio under its respective credit facility.SI Partners and IEnova have three combined lines of credit, reflected in the table above,