Summary
This 8-K filing by Dominion Resources, Inc. (Dominion) on February 15, 2006, primarily informs investors about the reset rate for its 2002 Series A 5.75% Senior Notes due May 15, 2008. The company, in conjunction with Citigroup Capital Markets Inc., has determined a new interest rate for these notes. Effective February 21, 2006, the outstanding principal amount of $330,000,000 in these Senior Notes will bear interest at a new rate of 5.687%. This adjustment reflects the terms of the Remarketing Agreement, as amended. Investors holding these notes should note this change in their expected yield and consider its impact on their investment.
Key Highlights
- 1Dominion Resources, Inc. announced the reset rate for its 2002 Series A 5.75% Senior Notes due May 15, 2008.
- 2The new interest rate for these notes, effective February 21, 2006, is 5.687%.
- 3The principal amount outstanding for these Senior Notes is $330,000,000.
- 4The reset rate was determined by Citigroup Capital Markets Inc. under a Remarketing Agreement dated March 20, 2002, as amended January 30, 2006.
- 5This filing is classified as 'Other Events' (Item 8.01) under the 8-K form.
- 6Exhibits filed include the First Amended and Restated Remarketing Agreement and a Tax Opinion.