Summary
Dominion Resources, Inc. (D) filed an 8-K on September 26, 2005, to report on a significant financing event. The company entered into an underwriting agreement on September 23, 2005, for the sale of $1.0 billion in aggregate principal amount of its 2005 Series D Floating Rate Senior Notes due 2007. These notes are a part of a larger $3.0 billion shelf registration previously filed with the SEC. This issuance represents a substantial capital raise for Dominion Resources. Investors should note that the notes are floating rate, meaning their interest payments will adjust based on market conditions, and they have a relatively short maturity of two years. The filing provides details on the underwriters involved and references related indenture documents, offering transparency into the debt issuance process.
Key Highlights
- 1Dominion Resources, Inc. entered into an underwriting agreement on September 23, 2005.
- 2The agreement is for the sale of $1.0 billion aggregate principal amount of 2005 Series D Floating Rate Senior Notes Due 2007.
- 3These notes are part of a previously registered $3.0 billion shelf offering.
- 4The registration statement for the shelf offering was declared effective on June 28, 2005.
- 5Lehman Brothers Inc., J.P. Morgan Securities Inc., Wachovia Capital Markets, LLC, and Goldman, Sachs & Co. are named as representatives for the underwriters.
- 6The filing includes Exhibit 1 (Underwriting Agreement) and Exhibit 4.2 (Form of Thirty-First Supplemental Indenture).