Summary
Dominion Resources, Inc. (now Dominion Energy, Inc.) filed an 8-K on October 16, 2002, reporting an underwriting agreement entered into on October 15, 2002. This agreement concerns the issuance and sale of 26,500,000 shares of common stock. These shares are part of a larger $4.5 billion aggregate principal amount of securities previously registered under a Form S-3 shelf registration statement declared effective on August 9, 2002. This event signifies a significant capital raise for the company, indicating strategic plans for expansion, debt reduction, or other corporate initiatives requiring substantial funding. Investors should note that the company is actively managing its capital structure and utilizing established registration statements for efficient equity issuance. The filing also details the underwriters involved in this transaction, namely Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. Incorporated.
Key Highlights
- 1Dominion Resources, Inc. entered into an underwriting agreement on October 15, 2002.
- 2The agreement is for the issuance and sale of 26,500,000 shares of common stock.
- 3These shares are part of a previously registered $4.5 billion shelf registration (Form S-3) effective August 9, 2002.
- 4Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. Incorporated acted as representatives for the underwriting group.
- 5This filing is considered an 'Other Events' disclosure under Item 5 of Form 8-K.
- 6The company is actively raising capital through equity issuance.
- 7Exhibit 1 to the filing is the Underwriting Agreement.