Company: SREA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001032208-25-000065
Chunk: 292

Company: SEMPRA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 292
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589 Due from unconsolidated affiliates3 Inventories103 Other current assets246 Restricted cash, noncurrent3 Right-of-use assets – operating leases202 Equity method investments2,471 Goodwill1,602 Other intangible assets273 Other long-term assets768 Property, plant and equipment, net19,190 Total assets held for sale$28,465 Short-term debt$897 Accounts payable1,247 Current portion of long-term debt49 Other current liabilities305 Long-term debt6,791 Due to unconsolidated affiliates417 Deferred income taxes901 Asset retirement obligations93 Deferred credits and other475 Total liabilities held for sale$11,175 At September 30, 2025, $28 million of accumulated losses is included in AOCI and is part of the disposal group that is held for sale. We considered the estimated fair value of our assets held for sale, less costs to sell, and determined that no adjustment to carrying value was required. In estimating fair value, we used a discounted cash flow valuation technique. In the event that the estimated sales price, less transaction costs, is less than the carrying value, or updated market information indicates fair value may be less than carrying value, we would recognize a loss in our results of operations at that time.

58

SI PartnersIn September 2025, we entered into an agreement to sell 45% of the outstanding Class A Units and all general partner interests in SI Partners to the KKR Partners for an aggregate base purchase price of approximately $9.99 billion, subject to the adjustments described below. SI Partners owns LNG and natural gas infrastructure in the U.S. and Mexico and renewable energy and related assets in Mexico. Subject to adjustments, the purchase price will be paid to Sempra as follows:▪$4.65 billion in cash at closing;▪$4.14 billion plus interest compounded quarterly at 7.5% per annum (totaling $4.72 billion with principal and accrued interest unless paid early) due December 31, 2027 under instruments backed by equity commitment letters; and▪$1.2 billion plus interest compounded quarterly at 8.5% per annum before January 1, 2031 and 10.0% per annum thereafter (totaling $2.29 billion with principal and accrued interest unless paid early) due seven years and 91 days after closing under promissory notes.The instruments and notes will