Summary
Dominion Energy, Inc. (D) filed an 8-K report on November 26, 2008, detailing the execution of an underwriting agreement for the sale of $600 million in 8.875% Senior Notes due 2019. This issuance, facilitated by underwriters including Barclays Capital Inc. and J.P. Morgan Securities Inc., is part of the company's ongoing financing activities, registered under a previously effective Form S-3 registration statement. This debt issuance indicates Dominion Energy's strategic effort to raise capital. Investors should note the coupon rate of 8.875% and the maturity date in 2019, which are key terms for understanding the company's debt profile and future financial obligations. The filing also references the underlying senior indenture and a supplemental indenture, providing details on the terms and conditions of these new notes.
Key Highlights
- 1Dominion Energy, Inc. entered into an underwriting agreement for the sale of $600,000,000 of 8.875% Senior Notes due 2019.
- 2The offering was underwritten by Barclays Capital Inc. and J.P. Morgan Securities Inc., among others.
- 3The Senior Notes were registered under a Form S-3 shelf registration statement effective February 13, 2006.
- 4The filing includes the Series D Senior Notes Underwriting Agreement as an exhibit.
- 5A supplemental indenture to the company's existing Senior Indenture has been executed for the issuance of these notes.
- 6Deutsche Bank Trust Company Americas is designated as the Series Trustee for these notes.
- 7The report was filed on November 26, 2008, with the event date being November 25, 2008.