By Devika Patel
Knoxville, Tenn., Oct. 10 – Sempra Energy priced $850 million of floating-rate notes (expected Baa1/BBB+/BBB+) due 2021 at par, according to an FWP filing with the Securities and Exchange Commission.
Interest accrues at a rate equal to Libor plus 45 basis points per annum, with interest payable quarterly.
J.P. Morgan Securities LLC and Mizuho Securities USA Inc. are the bookrunners.
Proceeds will be used to repay commercial paper and for other general corporate purposes.
Sempra is a San Diego-based energy services company.
| Issuer: | Sempra Energy
|
| Issue: | Floating-rate notes
|
| Amount: | $850 million
|
| Maturity: | March 15, 2021
|
| Coupon: | Libor plus 45 bps
|
| Price: | Par
|
| Yield: | Libor plus 45 bps
|
| Call feature: | Non-callable
|
| Bookrunners: | J.P. Morgan Securities LLC and Mizuho Securities USA Inc.
|
| Trade date: | Oct. 10
|
| Settlement date: | Oct. 13
|
| Expected ratings: | Moody’s: Baa1
|
| S&P: BBB+
|
| Fitch: BBB+
|
| Distribution: | SEC registered
|
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