8-KOther EventsExhibits & Filings

DOMINION ENERGY, INC 8-K Report, Corporate Update (Jun 17, 2005)

Filed June 17, 2005For Securities:D

Summary

Dominion Resources, Inc. (now Dominion Energy, Inc.) filed an 8-K on June 17, 2005, to report on the issuance of new senior notes. The company entered into an underwriting agreement on June 15, 2005, for the sale of $300 million in 4.75% Senior Notes due 2010 and $300 million in 5.95% Senior Notes due 2035. These issuances are part of a larger shelf registration that was declared effective in July 2003, allowing for the timely offering of these securities. This filing indicates Dominion Resources' strategy to raise significant capital through debt financing. The substantial principal amounts suggest a need for funding to support ongoing operations, capital expenditures, or potential acquisitions. Investors should note the specific interest rates and maturity dates for these notes, which will impact the company's future interest expense and debt obligations. The issuance diversifies the company's debt structure and extends its maturity profile.

Key Highlights

  • 1Dominion Resources, Inc. issued $600 million in aggregate principal amount of Senior Notes.
  • 2The issuance consists of $300 million of 4.75% Senior Notes due 2010.
  • 3The issuance also includes $300 million of 5.95% Senior Notes due 2035.
  • 4The notes were issued under an underwriting agreement dated June 15, 2005, with Citigroup Global Markets Inc. and Goldman, Sachs & Co. as representatives.
  • 5This debt issuance is part of a $3.0 billion shelf registration statement previously filed and declared effective on July 11, 2003.
  • 6The filing includes exhibits such as the Underwriting Agreement and forms of Supplemental Indentures.

Frequently Asked Questions

This 8-K filing was made to report Dominion Resources, Inc.'s (now Dominion Energy, Inc.) entry into an underwriting agreement and the subsequent sale of $600 million in senior notes. It serves as public notification of a material event concerning the company's financing activities.

Dominion Resources issued a total of $600 million in senior notes. This includes $300 million of 4.75% Senior Notes due 2010 and $300 million of 5.95% Senior Notes due 2035.

No, this is not a new debt program. The notes were issued under a shelf registration statement that was declared effective on July 11, 2003, which allowed the company to issue up to $3.0 billion in securities over time.

This issuance suggests Dominion Resources is actively managing its capital structure and raising funds, likely for operational needs or capital investments. Investors should consider the increased debt load, future interest payments, and the specific maturity dates of these new notes when evaluating the company's financial health and investment potential.