Sempra Energy files to sell common stock and convertible preferred stock
Sempra Energy announced that it is commencing concurrent offerings of $2.5B of shares of its common stock in connection with the forward sale agreements described below and $1.5B of shares of its Mandatory Convertible Preferred Stock, Series A, each in a separate registered public offering, subject to market and other conditions. These offerings are being made by means of separate prospectus supplements and are not contingent on each other or upon the consummation of Sempra Energy's pending acquisition of Energy Future Holdings, including EFH's indirect, approximately 80-percent ownership of Oncor Electric Delivery Company. Sempra Energy intends to grant the underwriters in the respective equity offerings the option to purchase directly from Sempra Energy up to an additional $375M of shares of its common stock and up to an additional $225M of shares of its Mandatory Convertible Preferred Stock. Morgan Stanley, RBC Capital Markets and Barclays are acting as joint bookrunners of the equity offerings and representatives of the underwriters.