SREA 8-K: Divestiture

Filed with the SEC on · accession 0001032208-26-000057

SREA filed a 8-K (current report) with the SEC on Nov 12, 2026. Sempra completed the sale of a 45% equity interest in Sempra Infrastructure Partners, LP to KKR-affiliated entities and CPP Investments for total consideration of approximately $9.9 billion, receiving $4.56 billion in cash at closing with the remainder in promissory notes. The stock moved -1.8% by the first close after the filing.

Summary of the filing

Sempra completed the sale of a 45% equity interest in Sempra Infrastructure Partners, LP to KKR-affiliated entities and CPP Investments for total consideration of approximately $9.9 billion, receiving $4.56 billion in cash at closing with the remainder in promissory notes. Sempra deconsolidated SI Partners and will account for its retained 25% interest under the equity method, expecting a pre-tax gain of $2.80-$3.30 billion.

Key details

Cash proceeds received at closing$4.6B
Promissory note principal due December 31, 2027, with 7.5% interest$4.1B
Promissory note principal due February 11, 2034, with 8.5%/10.0% interest$1.2B
Expected pre-tax gain on sale (range midpoint)$3.0B
Expected after-tax gain on sale (range midpoint)$2.2B
Expected additional transaction costs (pre-tax, range midpoint)$500.0M
Seller and registrantSempra
Subject company; 45% equity interest sold, deconsolidatedSempra Infrastructure Partners, LP
Buyer (kkr partners)Kohlberg Kravis Roberts & Co. L.P.
Indirect co-investor (kkr partners)Canada Pension Plan Investment Board
Existing 10% interest holder; entered amended and restated limited partnership agreementADIA
Subsidiary of sempra; karen sedgwick appointed ceoSouthern California Gas Company
Executive vice president and chief financial officerJustin C. Bird
Chief financial officer (outgoing)Karen L. Sedgwick

How SREA stock reacted

Close before

$18.63

Nov 11, 2026

First close after

-1.77%

$18.30

5 trading days

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Since filing

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Frequently asked questions

What did SREA file with the SEC on Nov 12, 2026?

SREA filed a 8-K (Divestiture). Sempra completed the sale of a 45% equity interest in Sempra Infrastructure Partners, LP to KKR-affiliated entities and CPP Investments for total consideration of approximately $9.9 billion, receiving $4.56 billion in cash at closing with the remainder in promissory notes. Sempra deconsolidated SI Partners and will account for its retained 25% interest under the equity method, expecting a pre-tax gain of $2.80-$3.30 billion.

What does a divestiture mean for SREA stock?

A contract important enough that investors need to know about it — a big customer contract, a loan, a merger agreement or a partnership.

How do I read a 8-K?

A report of a major event, filed within four business days: results, deals, leadership changes, bankruptcy and more. The "Item" number tells you the topic (e.g. 2.02 results, 5.02 executive change, 1.01 new agreement, 1.03 bankruptcy). Exhibits (99.1 press release) usually hold the details.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 8-K (current report): A report of a major event, filed within four business days: results, deals, leadership changes, bankruptcy and more.

How did SREA stock react to this filing?

SREA closed at $18.63 before the filing and $18.30 on Nov 12, 2026 (-1.77%).

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