SAN DIEGO, January 11, 2022 / PRNewswire / – Sempra Infrastructure, a majority-owned subsidiary of Sempra (NYSE: SRE) (BMV: SRE), today announced the successful completion of its inaugural offering of $ 400 million total capital of 3.250% senior bonds maturing in 2032.
“We are very satisfied with the results of this inaugural broadcast,” said Justin bird, CEO of Sempra Infrastructure. “This key milestone illustrates the strength of our new Sempra Infrastructure platform, which integrates key assets in renewable energy, natural gas and LNG terminals.
Sempra Infrastructure intends to use the net proceeds of the offering for general corporate purposes, which may include the repayment of certain debts. This offer should strengthen Sempra Infrastructure’s already solid balance sheet and increase the company’s financial flexibility to continue investing in the energy systems of the future.
The Senior Notes were offered and sold by private placement to qualified institutional buyers in United States in accordance with Rule 144A and outside United States in accordance with Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”). The Senior Notes have not been registered under the Securities Act or the securities laws of any state or other jurisdictions, and the Notes may not be offered or sold in United States lack of registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act.
This communication does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in any jurisdiction in which such an offer, solicitation or sale of such securities would be illegal.
About Sempra Infrastructure
Sempra Infrastructure provides energy for a better world. By the combined strength of its strengths in North America, the company is dedicated to enabling energy transition and beyond. With a focus on sustainability, innovation, world-class security, people advocacy, resilient operations and social responsibility, its more than 2,000 employees develop, build and operate clean energy, energy networks. energy and LNG and net-zero solutions, which should play a crucial role in the energy systems of the future. For more information on Sempra Infrastructure, please visit www.SempraInfrastructure.com.
This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties and are not guarantees. Future results may differ materially from those expressed in forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors.
In this press release, forward-looking statements may be identified by words such as “believes”, “expects”, “anticipates”, “plans”, “estimates”, “plans”, “forecasts”, “should “,” Could “,” “would”, “will”, “confident”, “could”, “could”, “potential”, “possible”, “proposed”, “in progress”, “under construction”, ” developing “,” target “,” outlook “,” maintain “,” continue “,” objective “,” objective “,” engage “or similar expressions, or when we are discussing our directions, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations.
Factors, among others, that could cause actual results and events to differ materially from those described in forward-looking statements include risks and uncertainties relating to: decisions, investigations, regulations, issuance or revocations of permits and other authorizations, and other actions by (i) the United States Department of Energy, the Comisión Federal de Electricidad, the United States Federal Energy Regulatory Commission and other regulatory and government agencies and (ii) States, counties, cities and other jurisdictions of the United States, Mexico and other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks related to (i) the ability to make a final investment decision, (ii) the completion of construction projects or other transactions on time and on budget, (iii) the ability to realize the expected benefits of these efforts if successful, and (iv) obtaining the consent or approval of partners or other third parties, including government entities; the resolution of civil and criminal disputes, regulatory inquiries, investigations and proceedings, and arbitrations; changes to laws, including proposed changes to the Mexican constitution that could significantly limit market access to power generation and changes to from Mexico trade rules that could significantly limit our ability to import, export, transport and store hydrocarbons; the inability of foreign governments and public entities to honor their contracts and commitments and property disputes; actions by credit rating agencies to downgrade or downgrade our credit ratings and our ability to borrow on favorable terms and meet our substantial debt service obligations; the impact of energy and climate objectives, policies, laws and regulations, including actions to reduce or eliminate dependence on natural gas in general; the pace of development and adoption of new technologies in the energy sector, including those designed to support the energy and climate goals of governments and private parties, and our ability to integrate them in a timely and cost-effective manner into our activities ; weather conditions, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system failures or other events that disrupt our operations, damage our facilities and our systems, cause the release of harmful materials, cause fires, or make us liable for property damage or personal injury, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may affect our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas; the impact of the COVID-19 pandemic, including potential immunization mandates, on investment projects, regulatory approvals and the execution of our operations; cybersecurity threats to the storage and pipeline infrastructure, information and systems used to operate our businesses, and the privacy of our proprietary information and the personal information of our customers and employees, including ransomware attacks on our systems and systems of third party vendors and other parties with whom we do business; the volatility of exchange rates, inflation, interest rates and commodity prices and our ability to effectively hedge these risks; changes in tax and trade policies, laws and regulations, including tariffs and revisions to international trade agreements that may increase our costs, reduce our competitiveness or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control.
These risks and uncertainties are discussed in more detail in the reports that Sempra has filed with the United States Securities and Exchange Commission (SEC). These reports are available free of charge through the EDGAR system on the SEC’s website, www.sec.gov, and on Sempra’s website at www.sempra.com. Investors should not place undue reliance on forward-looking statements.
Sempra Infrastructure is not the same company as San Diego Gas & Electric or Southern California Gas Company, and neither Sempra Infrastructure nor any of its subsidiaries are regulated by the California Public Utilities Commission.
SOURCE Sempra North American Infrastructure