Summary
Dominion Resources, Inc. (now Dominion Energy, Inc.) filed an 8-K on August 15, 2011, to report on an underwriting agreement entered into on August 10, 2011. The company secured $450,000,000 in aggregate principal amount through the sale of its 2011 Series D 1.95% Senior Notes due 2016. These notes were previously registered under a Form S-3 registration statement. This action indicates the company's proactive approach to managing its capital structure and funding its operations through debt issuance at a favorable interest rate.
Key Highlights
- 1Dominion Resources entered into an underwriting agreement for the sale of $450,000,000 in Senior Notes.
- 2The notes are designated as 2011 Series D 1.95% Senior Notes due 2016.
- 3The issuance aims to raise capital for the company's ongoing operations and financial flexibility.
- 4The notes were registered under a Form S-3 registration statement effective January 29, 2009.
- 5The underwriting was conducted with Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBS Securities Inc., and Wells Fargo Securities, LLC as representatives for the underwriters.
- 6The filing includes the Underwriting Agreement and the Forty-Fourth Supplemental Indenture as exhibits.