Summary
Dominion Energy, Inc. (then Dominion Resources, Inc.) filed an 8-K report on January 14, 2004, detailing a significant debt offering. The company entered into an underwriting agreement on January 12, 2004, to issue $200 million in 5.20% Senior Notes due 2016 and $100 million in floating rate Senior Notes due 2006. These notes are part of a larger $3 billion securities issuance registered earlier in the year. This offering indicates Dominion's strategy to raise capital through the debt markets, likely to fund ongoing operations, capital expenditures, or potentially acquisitions. The issuance of both fixed and floating rate notes suggests a diversified approach to managing its debt obligations and interest rate exposure. Investors should note the principal amounts, interest rates, and maturity dates of these newly issued senior notes as they impact the company's leverage and future interest expenses.
Key Highlights
- 1Dominion Resources, Inc. issued $200 million of 5.20% Senior Notes due 2016.
- 2Dominion Resources, Inc. issued $100 million of Floating Rate Senior Notes due 2006.
- 3The notes were issued under an underwriting agreement dated January 12, 2004, with Barclays Capital Inc. and Wachovia Capital Markets, LLC as representatives.
- 4This offering is part of a previously registered $3 billion aggregate principal amount of securities.
- 5The issuance reflects Dominion's active management of its capital structure and debt financing.
- 6Supplemental indentures were filed for both the Series A (fixed rate) and Series B (floating rate) notes.
- 7The filing includes referenced exhibits such as the underwriting agreement and forms of supplemental indentures.