Southern California Gas Company
08/17/2026 | Press release | Distributed by Public on 08/17/2026 14:16
Free Writing Prospectus (Form FWP)
Free Writing Prospectus
Filed Pursuant to Rule 433
Registration Statement No. 333-295219
Southern California Gas Company
Final Term Sheet
August 17, 2026
5.500% First Mortgage Bonds, Series GGG, due 2036
This free writing prospectus relates only to the securities described below and should be read together with Southern California Gas Company's preliminary prospectus supplement dated August 17, 2026 (the "Preliminary Prospectus Supplement"), the accompanying prospectus dated April 21, 2026 and the documents incorporated and deemed to be incorporated by reference therein.
| Issuer: | Southern California Gas Company (the "Company") | |
| Anticipated Ratings*: | Aa3 (stable) by Moody's Investors Service, Inc. | |
| A (stable) by S&P Global Ratings | ||
| AA- (stable) by Fitch Ratings, Inc. | ||
| Trade Date: | August 17, 2026 | |
| Settlement Date: | August 21, 2026 (T+4) | |
| Securities Offered: | 5.500% First Mortgage Bonds, Series GGG, due 2036 (the "Bonds") | |
| Aggregate Principal Amount Offered: | $500,000,000 | |
| Interest Payment Dates: | March 1 and September 1, commencing March 1, 2027 | |
| Coupon: | 5.500% per annum, accruing from August 21, 2026 | |
| Maturity: | September 1, 2036 | |
| Yield to Maturity: | 5.578% | |
| Spread to Benchmark Treasury: | +85 basis points | |
| Benchmark Treasury: | 4.625% due August 15, 2036 | |
| Benchmark Treasury Yield: | 4.728% | |
| Optional Redemption Provision: | At the Company's option, prior to June 1, 2036 (the "Par Call Date"), make-whole call at Treasury Rate (as defined in the Preliminary Prospectus Supplement) +15 basis points. At the Company's option, on and after the Par Call Date, at 100% of the principal amount. See the Preliminary Prospectus Supplement for the definition of "Treasury Rate" and for further terms and provisions applicable to optional redemption. | |
| Price to Public: | 99.405%, plus accrued interest, if any | |
| CUSIP: | 842434 DF6 | |
| ISIN: | US842434DF68 | |
| Total Net Proceeds: | Approximately $493.8 million, after deducting the underwriting discount but before deducting the estimated offering expenses payable by the Company. | |
| Joint Book-Running Managers: | Barclays Capital Inc. | |
| Credit Agricole Securities (USA) Inc. | ||
| MUFG Securities Americas Inc. | ||
| TD Securities (USA) LLC | ||
| Penserra Securities LLC | ||
| Co-Managers: | Blaylock Van, LLC | |
| MFR Securities, Inc. | ||
| * |
Note: A securities rating is not a recommendation to buy, sell or hold securities and is subject to revision or withdrawal at any time. |
The issuer has filed a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Barclays Capital Inc. toll-free at 1-888-603-5847, by calling Credit Agricole Securities (USA) Inc. toll-free at 1-866-807-6030, by calling MUFG Securities Americas Inc. toll-free at 1-877-649-6848 or by calling TD Securities (USA) LLC at 1-855-495-9846.
Any legends, disclaimers or other notices that may appear below are not applicable to this communication and should be disregarded. Such legends, disclaimers or other notices have been automatically generated as a result of this communication having been sent via Bloomberg or another system.
Southern California Gas Company published this content on August 17, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on August 17, 2026 at 20:16 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]