Summary
Dominion Energy, Inc. (D) filed an 8-K on March 17, 2002, reporting on the issuance of 6,000,000 Upper DECS Equity Income Securities. These securities are structured as Corporate Units, each comprising a stock purchase contract and a 5.75% Senior Note due May 15, 2008. This issuance is part of a larger $2.0 billion registration statement previously declared effective in March 2001. The filing details the key agreements associated with this offering, including the Purchase Agreement with Salomon Smith Barney Inc., the Indenture governing the Senior Notes, the Purchase Contract Agreement, and a Pledge Agreement to secure the purchase contract obligations. The Senior Notes are subject to remarketing on February 15, 2006. Investors should note the structured nature of these securities, which combine debt and equity components, and the associated contractual and collateral arrangements.
Key Highlights
- 1Dominion Resources, Inc. (D) issued 6,000,000 Upper DECS Equity Income Securities, structured as Corporate Units.
- 2Each Corporate Unit consists of a stock purchase contract and a 5.75% Senior Note due May 15, 2008.
- 3This issuance is part of a larger $2.0 billion registered offering previously filed with the SEC.
- 4Key agreements governing the offering include a Purchase Agreement, an Indenture, a Purchase Contract Agreement, and a Pledge Agreement.
- 5The Senior Notes component of the Equity Income Securities are scheduled for remarketing on February 15, 2006.
- 6The filing provides a tax opinion from McGuire Woods LLP and a computation of the Ratio of Earnings to Fixed Charges.