San Diego Gas & Electric Launches $850 Million Bond Offering Co-Managed by Loop Capital
Deal News | Mar 24, 2025 | Loop Capital Markets LLC
On March 24, 2025, Loop Capital Markets served as a co-manager for an $850 million first mortgage bond (FMB) offering by San Diego Gas & Electric Company (SDG&E). The bond, with a 10-year term and ratings of A1/A/A, is intended to fund general corporate purposes and repay existing debt. This strategic movement underscores SDG&E’s aim to strengthen its financial standing through more efficient debt management, facilitated by the expertise of Loop Capital Markets. This issuance is part of SDG&E’s broader financial strategy to optimize its capital structure and maintain its credit profile, reflecting confidence from investors secured by its favorable bond ratings.
Sectors
- Financial Services
- Utilities
Geography
- United States – Headquartered in California, San Diego Gas & Electric operates within the United States.
Industry
- Financial Services – Loop Capital Markets is engaged in capital market services, playing a role in the issuance of bonds.
- Utilities – San Diego Gas & Electric is involved in the utility sector, providing gas and electricity services.
Financials
- $850 million – The total value of the first mortgage bond offering.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| San Diego Gas & Electric Company | Target Company | Company | An energy company serving San Diego and southern Orange counties. |
| Loop Capital Markets LLC | Co-Manager | Company | A financial services firm that provides investment banking, brokerage, and advisory services. |