Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 414

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 414
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 Partners was in compliance with this ratio.Port Arthur LNG has a working capital facility agreement, reflected in the table above, that permits borrowings of up to $200 million, which bear interest by reference to term SOFR plus the applicable margin and a credit adjustment spread. The credit facility also provides for the issuance of up to $200 million of letters of credit, which reduces available unused credit.Uncommitted Line of CreditECA LNG Phase 1 has an uncommitted line of credit with an aggregate capacity of $100 million that expires in August 2026. Borrowings are generally used for working capital requirements and can be in U.S. dollars or Mexican pesos. At December 31, 2024, ECA LNG Phase 1 had outstanding borrowings of $8 million, before reductions of any unamortized discounts, in Mexican pesos that bear interest at a variable rate based on the 28-day Interbank Equilibrium Interest Rate plus 154 bps. Borrowings made in U.S. dollars bear interest at a variable rate based on the one-month or three-month SOFR plus 164 bps and a credit adjustment spread of 10 bps.

2024 Form 10-K  |  F-66

Uncommitted Letters of CreditOutside of our domestic and foreign credit facilities, we have bilateral unsecured standby letter of credit capacity with select lenders that is uncommitted and supported by reimbursement agreements. At December 31, 2024, we had $497 million in standby letters of credit outstanding under these agreements.UNCOMMITTED LETTERS OF CREDIT OUTSTANDING(Dollars in millions)Expiration date rangeDecember 31, 2024SDG&EJanuary 2025 - November 2025$26 SoCalGasJanuary 2025 - December 202520 Other SempraJanuary 2025 - November 2054451 Total Sempra$497 Term LoanIn May 2024, SoCalGas entered into a $500 million, 364-day term loan facility with a maturity date of May 22, 2025, and in December 2024, SoCalGas increased the amount of the term loan to $700 million. At December 31, 2024, SoCalGas had borrowed the full $700 million then available under the term loan, net of negligible debt issuance costs, which is included in Short-Term Debt on SoCalGas’ Balance Sheet. SoCalGas may request a further increase in the term loan facility of up to $