Summary
Dominion Resources, Inc. (the Company) filed an 8-K on November 13, 2006, to report on the execution of two underwriting agreements on November 9, 2006. These agreements were for the sale of a total of $650 million in senior notes. Specifically, the Company will issue $250 million in 5.60% Senior Notes due 2016 and $400 million in Floating Rate Senior Notes due 2008. These issuances are part of a shelf registration statement previously filed with the SEC. The filing provides details on the underwriting agreements and the supplemental indentures that will govern these new debt securities. Investors should note this is a debt financing event aimed at raising capital for the company.
Key Highlights
- 1Dominion Resources, Inc. entered into underwriting agreements to sell $250 million of 5.60% Senior Notes due 2016.
- 2The Company also agreed to sell $400 million of Floating Rate Senior Notes due 2008.
- 3The total aggregate principal amount of senior notes to be sold is $650 million.
- 4The underwriting agreements were executed on November 9, 2006, with major underwriters including Barclays Capital Inc., Citigroup Global Markets Inc., and J.P. Morgan Securities Inc.
- 5These notes were registered under a shelf registration statement previously filed with the SEC.
- 6The filing includes forms of supplemental indentures that will govern the terms of these new senior notes.
- 7Legal opinions from McGuire Woods LLP regarding the notes are also included as exhibits.