Company: SREA
Filing Date: 2025-08-27
Form Type: 424B2
Source: 0001193125-25-189685
Chunk: 19

Company: SEMPRA
Filing Date: 2025-08-27
Form: 424B2
Chunk 19
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or the amount of other indebtedness or liabilities that may be incurred by Sempra or any of its subsidiaries. The incurrence by Sempra or its subsidiaries of additional indebtedness, including the incurrence of additional Senior Indebtedness or
secured indebtedness by Sempra, may have adverse consequences for you as a holder of the notes, including making it more difficult for Sempra to satisfy its obligations with respect to the notes, a loss of all or part of the trading value of your
notes and a risk that one or more of the credit ratings of the notes could be lowered or withdrawn. Both Sempra and its subsidiaries expect to incur substantial amounts of additional indebtedness, including Senior Indebtedness, in the future.

Although it is not possible for the interest rate on the notes to decrease below the interest rate as in effect during the Initial Fixed Period, the interest rate on the notes will fluctuate over time.

The interest rate on the notes from their original issue date to the First
Reset Date will be 6.375% per annum. Beginning on the First Reset Date, the interest rate on the notes for each Reset Period will equal the Five-year U.S. Treasury Rate as of the most recent Reset Interest
Determination Date plus a spread of 2.632%, to be reset on each Reset Date; provided that the interest rate during any Reset Period will not reset below 6.375% per annum (which is the same interest rate as in effect during the Initial Fixed Period).
Therefore, although it is not possible for the interest rate to decrease below the interest rate as in effect during the Initial Fixed Period, the interest rate for a given Reset Period subsequent to such Initial Fixed Period could be less than the
interest rate for the prior Reset Period. We have no control over the factors that may affect U.S. Treasury rates, including geopolitical, economic, financial, political, regulatory, judicial or other conditions or events.

The historical Five-year U.S. Treasury Rates are not an indication of future Five-year U.S. Treasury Rates.

As noted above, the annual interest rate on the notes for each Reset Period will be set by reference to the Five-year U.S. Treasury Rate as of
the most recent Reset Interest Determination Date (provided that the interest rate during any Reset Period will not reset below 6.375% per annum (which is the same interest rate as in effect during the Initial Fixed Period)). In the past, U.S.
Treasury rates have experienced significant fluctuations. You should note that