Sempra Energy plans to sell its equity interests in its South American businesses starting in March 2019. Bank of America Merrill Lynch and Lazard will act as financial advisors to the company in connection with the sale.
Wells Fargo Securities served as financial advisor to Sempra Energy on the sale of its non-utility U.S. natural gas storage facilities to an affiliate of ArcLight Capital Partners for $328 million in cash.
Sempra Energy increased the maximum borrowing capacity under its credit facility from $1 billion to $1.25 billion. Citibank served as administrative agent for the transaction.