Sempra Energy eyes offering of fixed-to-fixed reset rate junior subordinated notes due 2051

Chicago, Sept. 8 – Sempra Energy plans to price an offering of fixed-to-fixed reset rate junior subordinated notes due 2051, according to a 424B5 filing with the Securities and Exchange Commission.

The interest rate will reset for the first time on Feb. 1, 2026 to a fixed rate over the five-year U.S. Treasury rate.

The notes feature an optional interest deferral, defined as the option to defer interest payments on the notes, from time to time, for one or more deferral periods of up to 20 consecutive semiannual interest payment periods.

The notes are callable during any par call period at par plus interest. They may also be called following and during the continuance of a tax event at par plus interest. Additionally, they may be called at 102 plus interest for a rating agency event.

Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Mizuho Securities USA Inc. and RBC Capital Markets Corp. are the underwriters.

Proceeds will be used for working capital and general corporate purposes, which may include the repayment of debt.

Sempra is a San Diego-based diversified utilities company.

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