By Preferred Stock Channel Staff, updated Wednesday, April 15, 2:43 PM
Slide #232. Sempra Energy — Preferred Stock Offering
| Company: |
Sempra Energy (NYSE:SRE) |
| Date announced: |
7/10/2018 |
| Shares Offered: |
9,750,000 |
| Date of Pricing: |
7/11/2018 |
| Price Per Share: |
$113.75 |
| 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 a North American energy infrastructure company. Co. invests in, develops and operates energy infrastructure, providing electric and gas services. Co.'s segments include Sempra California, offering natural gas and electric services in Southern and central California through SDG&E and SoCalGas; Sempra Texas Utilities, which holds investments in Oncor and Sharyland Utilities, serving various Texas regions; and Sempra Infrastructure, which focuses on developing, building, operating and investing in energy infrastructure projects.
Preferreds: SDO.PRB, SDO.PRC, SOCGM, SOCGP, SDO.PRA, SDO.PRH, SRE.PRA, SRE.PRB
Open the SRE Page at Preferred Stock Channel »
Open the SRE Page at Preferred Stock Channel (in a new window) »
Preferred Stock Offerings
