Sempra Announces Proposed Public Offering of Common Stock
Sempra intends to grant the underwriters the option to purchase directly from Sempra up to an additional
Morgan Stanley and Citigroup are acting as joint bookrunners of the offering and representatives of the underwriters.
In connection with the offering, Sempra expects to enter into forward sale agreements with Morgan Stanley and Citigroup (or their respective affiliates) (in such capacity, the forward purchasers) with respect to
Sempra will not receive any proceeds from the sale of common stock borrowed and sold in connection with the forward sale agreements. Instead, subject to its right to elect cash settlement or net share settlement under certain conditions, Sempra intends to deliver, upon physical settlement of such forward sale agreements on one or more dates specified by Sempra occurring no later than
The offering is being made pursuant to an effective shelf registration statement filed with the
This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities, in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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 or implied in any forward-looking statement. 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 otherwise.
In this press release, forward-looking statements can be identified by words such as "believe," "expect," "intend," "anticipate," "contemplate," "plan," "estimate," "project," "forecast," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "initiative," "target," "outlook," "optimistic," "poised," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Such forward-looking statements include, among other things, statements related to Sempra's expectations regarding the completion, timing and size of its proposed public offering; the grant to the underwriters of an option to purchase additional shares, solely to cover over-allotments, if any; the settlement of the forward sale agreements; and its use of any net proceeds from the offering.
Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include:
These risks and uncertainties are further discussed in the preliminary prospectus supplement and accompanying prospectus for the offering and in the reports that Sempra has filed with the
Underwriter Contact Information:
c/o Broadridge Financial Solutions
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Media: Katie Nieri, Sempra, (877) 340-8875, email@example.com; Financial: Jenell McKay, Sempra, (877) 736-7727, firstname.lastname@example.org