Summary
Dominion Energy, Inc. (D) filed a Current Report on Form 8-K on September 11, 2002, to disclose a significant financing event. On September 9, 2002, the company entered into an underwriting agreement to sell $520 million in aggregate principal amount of its 2002 Series C 5.70% Senior Notes due 2012. These notes are part of a larger, previously registered shelf offering totaling $4.5 billion, indicating Dominion's ongoing strategy to access capital markets for its funding needs. The filing includes details on the underwriting agreement with Banc of America Securities LLC and Credit Suisse First Boston Corporation, and the supplemental indenture governing the issuance of these specific senior notes. Investors should note this is a debt issuance, impacting the company's leverage and interest expense.
Key Highlights
- 1Dominion Energy entered into an underwriting agreement on September 9, 2002.
- 2The company plans to sell $520,000,000 in aggregate principal amount of 2002 Series C 5.70% Senior Notes due 2012.
- 3The Senior Notes are part of a larger $4.5 billion shelf registration statement filed under Form S-3.
- 4Banc of America Securities LLC and Credit Suisse First Boston Corporation are acting as Representatives for the underwriting.
- 5The issuance is governed by a Twelfth Supplemental Indenture to the company's June 1, 2000, Senior Indenture.
- 6Exhibit 1 contains the Underwriting Agreement, and Exhibit 4.2 contains the Form of Twelfth Supplemental Indenture.