Southern California Gas offers $350 million mortgage bonds due 2042

By Andrea Heisinger and Aleesia Forni

Columbus, Ohio, Sept. 18 - Southern California Gas Co. is planning a $350 million issue of mortgage bonds due 2042, according to a filing with the Securities and Exchange Commission.

BNP Paribas Securities Corp., Morgan Stanley & Co. LLC, U.S. Bancorp Investments Inc. and Williams Capital Group LP are the joint bookrunners.

Lebenthal & Co., LLC, Loop Capital Markets LLC and MFR Securities Inc. are the co-managers.

Proceeds will be used for general corporate purposes, including the repayment of the company's outstanding debt, which may include its 4.8% mortgage bonds due Oct. 1, 2012.

The natural gas distributor is based in Los Angeles.

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