SOUTHERN CALIFORNIA GAS CO (SOCGP) Form 424B5 — Aug 17, 2026
Southern California Gas Company filed a preliminary prospectus supplement (424B5) for a new series of First Mortgage Bonds, Series GGG, maturing September 1, 2036, with interest payable semiannually on March 1 and September 1 beginning March 1, 2027. The coupon rate, principal amount, and offering price were not yet set as of this filing date. The company intends to use a substantial portion of the net proceeds to repay outstanding indebtedness, including a term loan bearing interest at 4.426% per annum and maturing December 9, 2026, and commercial paper at rates of 3.792% or less, with any remainder for general corporate purposes. Estimated offering expenses are approximately $1.1 million.
Key figures
- Maturity Date
- September 1, 2036 (Series GGG bonds)
- Series
- GGG First Mortgage Bonds
- Settlement
- fourth business day following the date of the prospectus supplement, via DTC
- Minimum denomination
- $25,000
- Registration statement
- 333-295219
- Interest coverage multiple
- approximately 6x annual interest charges (twelve months ended June 30, 2026)
- Estimated offering expenses
- $1,100,000
- Term loan being repaid rate
- 4.426% per annum (as of August 14, 2026)
- Term loan being repaid maturity
- December 9, 2026
- Commercial paper being repaid rate
- 3.792% per annum or less
- Net investment in mortgaged property
- approximately $17.7 billion (June 30, 2026)
- Commercial paper being repaid maturity
- through August 18, 2026
- Existing first mortgage bonds outstanding
- $7.6 billion (June 30, 2026)
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.