Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Sun, August 14, 9:01 PM

Slide #149. Sempra Energy Preferred Stock Offering

Company: Sempra Energy (NYSE:SRE)
Date announced: 7/10/2018
Shares Offered: 5,000,000
Date of Pricing: 7/11/2018
Price Per Share: $100.00
Preferred Stock Offering Details: Sempra Energy (NYSE: SRE) today announced that it is commencing concurrent offerings (the equity offerings) of $1.1 billion of shares of its common stock in connection with the forward sale agreements described below and $500 million of shares of its Mandatory Convertible Preferred Stock, Series B, each in a separate registered public offering, subject to market and other conditions. -updated 7/11- Sempra Energy (NYSE: SRE) today announced that it has priced its concurrent offerings (the equity offerings) of 9,750,000 shares of its common stock in connection with the forward sale agreements described below at $113.75 per share and 5,000,000 shares of its 6.75-percent Mandatory Convertible Preferred Stock, Series B, at $100 per share, each in a separate registered public offering. The equity offerings are expected to close on or about July 13, 2018, subject to customary closing conditions. In addition, the underwriters in the respective equity offerings have been granted the option to purchase directly from Sempra Energy up to an additional 1,462,500 shares of its common stock and up to an additional 750,000 shares of the Mandatory Convertible Preferred Stock.

Sempra is an energy-services holding company. Co.'s segments are: San Diego Gas & Electric Company, which provides electric services and natural gas services in Southern California; Southern California Gas Company, which owns and operates a natural gas distribution, transmission and storage system that supplies natural gas in Southern California and portions of central California; Sempra Texas Utilities, which includes Oncor Electric Delivery Company LLC that provides electricity to consumers; Sempra Mexico, which develops, owns and operates, or holds interests in, energy infrastructure in Mexico; and Sempra LNG, which develops natural gas liquefaction export facilities.


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Preferred Stock Offerings - Slide 149 of 582 |

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