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SoCalGas Issues $250 Million of New 30-Year Bonds



March 13, 2014

Southern California Gas Co. (SoCalGas), a unit of Sempra Energy (NYSE: SRE), 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.

Southern California Gas Co. has been delivering clean, safe and reliable natural gas to its customers for more than 140 years. It is the nation's largest natural gas distribution utility, providing service to 20.9 million consumers through nearly 5.8 million meters in more than 500 communities. The company's service territory encompasses approximately 20,000 square miles in throughout central and Southern California, from Visalia to the Mexican border. Southern California Gas Co. is a regulated subsidiary of Sempra Energy (NYSE: SRE). Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2013 revenues of more than $10.5 billion. The Sempra Energy companies' 17,000 employees serve more than 31 million consumers worldwide.

For more information :

Organization:
Southern California Gas Company
Address:
P.O. Box 3150
San Dimas, California
United States, 91773
www.socalgas.com

Contact person:
Denise King
Southern California Gas Co.
Tel: 24-Hour Media Hotline, 877.643.2331
E-mail: @SoCalGasNews

Contact person:
Kendall Helm, Financial Contact,
Sempra Energy
Tel: 877.736.7727
E-mail: investor@sempra.com


Link http://www.electricenergyonline.com/detail_news.php?ID=474170
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