SoCalGas Issues $250 Million of New 30-Year Bonds
Mar 13, 2014
LOS ANGELES, March 13, 2014 /PRNewswire/ -- Southern California Gas Co. (SoCalGas), a unit of Sempra Energy (NYSE: SRE), today closed a public offering of $250 million of 4.45 percent First Mortgage Bonds maturing on March 15, 2044.
The proceeds from this issuance will be used to repay $250 million of outstanding 5.5 percent First Mortgage Bonds maturing on March 15, 2014.
SoCalGas engaged four companies to act as joint book runners in this transaction: Citigroup, Credit Agricole, Morgan Stanley, and Loop Capital Markets, a minority-owned investment bank. In addition to these joint book runners, SoCalGas also worked with Blaylock Beal Van, LLC and Great Pacific Securities as minority-owned investment banks acting as co-managers.
The bonds are rated "Aa2" by Moody's Investors Service, "A+" by Standard & Poor's Corp, and "AA-" by Fitch.
About Southern California Gas Co.
SOURCE Southern California Gas Co.
For further information: Denise King, Southern California Gas Co., 24-Hour Media Hotline, 877.643.2331, socalgas.com/news-room, @SoCalGasNews; Financial Contact, Kendall Helm, Sempra Energy, 877.736.7727, email@example.com