8-KOther Events

DOMINION ENERGY, INC 8-K Report (Dec 13, 2002)

Filed December 13, 2002For Securities:D

Summary

Dominion Resources, Inc. (now Dominion Energy, Inc.) filed an 8-K on December 13, 2002, to report on the issuance of new senior notes. The company entered into an underwriting agreement on December 9, 2002, with several financial institutions, including J.P. Morgan Securities Inc., for the sale of $300 million in 5.125% Senior Notes due 2009 and $300 million in 6.75% Senior Notes due 2032. These notes are part of a larger $4.5 billion shelf registration previously declared effective in August 2002. This issuance signifies Dominion's ongoing efforts to manage its capital structure and fund its operations and growth initiatives through debt financing. Investors should note the specific interest rates and maturity dates of these new notes, as they represent a significant portion of the company's outstanding debt. The filing also includes details on the supplemental indentures governing these notes and an escrow deposit agreement, providing transparency on the terms and conditions of this debt offering.

Key Highlights

  • 1Dominion Resources, Inc. issued $600 million in new senior notes on December 9, 2002.
  • 2The issuance comprises $300 million of 5.125% Senior Notes due 2009 and $300 million of 6.75% Senior Notes due 2032.
  • 3The notes were sold under an underwriting agreement with a syndicate led by J.P. Morgan Securities Inc.
  • 4This debt issuance is part of a previously established $4.5 billion shelf registration effective August 9, 2002.
  • 5The filing includes supporting documentation such as the underwriting agreement and supplemental indentures.
  • 6An escrow deposit agreement with JPMorgan Chase Bank is also noted, indicating potential use of escrow for proceeds or other purposes.

Frequently Asked Questions

Dominion Resources is issuing a total of $600 million in senior notes, consisting of $300 million of 5.125% Senior Notes due 2009 and $300 million of 6.75% Senior Notes due 2032.

These senior notes are being issued under a shelf registration statement on Form S-3 filed with the SEC, which was declared effective on August 9, 2002, and allows for the issuance of up to $4.5 billion in securities.

The underwriters for this offering include J.P. Morgan Securities Inc., Wachovia Securities, Inc., ABN AMRO Incorporated, and Banc One Capital Markets, Inc.

The 'Other Events' section details the material event of Dominion Resources entering into an underwriting agreement for the sale of its senior notes. This is a significant financial event for the company, impacting its debt structure and capital.