Southern California Gas eyeing $250 million 30-year mortgage bonds

By Aleesia Forni

Virginia Beach, March 10 - Southern California Gas Co. is planning to price $250 million of first mortgage bonds, series OO, due 2044, according to a 424B5 filed with the Securities and Exchange Commission.

Citigroup Global Markets Inc., Credit Agricole CIB, Loop Capital Markets LLC and Morgan Stanley & Co. LLC are the joint bookrunners.

Blaylock Beal Van, LLC and Great Pacific Securities are the co-managers.

Proceeds will be used to repay the company's 5.5% first mortgage bonds, series LL, due March 15, 2014.

The natural gas distributor is based in Los Angeles.

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