Summary
Dominion Resources, Inc. (D) filed an 8-K on March 4, 2003, to report on a significant debt issuance. The company entered into an underwriting agreement on March 3, 2003, to sell $600 million in aggregate principal amount of senior notes. This issuance comprises $300 million of 5.00% Senior Notes due 2013 and $300 million of 6.30% Senior Notes due 2033. This debt offering is part of a larger $4.5 billion shelf registration statement declared effective in August 2002, indicating ongoing financing activities. The issuance of these notes, through supplemental indentures to the company's existing senior indenture, will provide Dominion Resources with substantial capital. Investors should note the specific coupon rates and maturity dates for these new senior notes, as well as the context of this offering within the company's broader financing strategy.
Key Highlights
- 1Dominion Resources entered into an underwriting agreement on March 3, 2003.
- 2The company is issuing $300 million of 5.00% Senior Notes due 2013.
- 3The company is also issuing $300 million of 6.30% Senior Notes due 2033.
- 4The total aggregate principal amount of the notes being issued is $600 million.
- 5These notes are part of a larger $4.5 billion shelf registration filed in August 2002.
- 6The issuance is being managed by Barclays Capital Inc. and Salomon Smith Barney Inc. as representatives of the underwriters.