$SRE (SEMPRA) — 8-K: Sempra closes 45% SI Partners sale, receives $4.56 billion cash, names Bird CFO

Sempra completed the sale of a 45% equity interest in Sempra Infrastructure Partners to KKR Partners, receiving $4.56 billion in cash proceeds on the closing date. The remainder includes $4.14 billion plus interest at 7.5% due December 31, 2027 (totaling $4.51 billion) and $1.20 billion plus interest due February 11, 2034 (totaling $2.31 billion if held to maturity). Sempra expects a gain on sale of approximately $2.80 billion to $3.30 billion ($2.00 billion to $2.40 billion after tax) and additional transaction costs of approximately $450 million to $550 million ($325 million to $400 million after tax). Following the sale, KKR Partners own 65%, Sempra retained 25% and ADIA retained 10%; Sempra deconsolidated SI Partners effective November 12, 2026. Justin C. Bird becomes Executive Vice President and Chief Financial Officer on November 13, 2026, succeeding Karen L. Sedgwick, who was appointed CEO of Southern California Gas Company.

Sempra completed the sale of a 45% equity interest in Sempra Infrastructure Partners to KKR Partners, receiving $4.56 billion in cash proceeds on the closing date. The remainder includes $4.14 billion