DOMINION ENERGY, INC 8-K Report, Corporate Update (Sep 13, 2012)

Summary

Dominion Resources, Inc. (now Dominion Energy, Inc.) filed an 8-K on September 13, 2012, reporting on the execution of an underwriting agreement on September 10, 2012. This agreement was for the sale of a substantial amount of senior notes across three different maturities. Specifically, the company entered into an agreement to sell $350 million of 1.40% Senior Notes due 2017, $350 million of 2.75% Senior Notes due 2022, and $350 million of 4.05% Senior Notes due 2042. This issuance represents a total aggregate principal amount of $1.05 billion in new debt financing.

Key Highlights

• 1Dominion Resources, Inc. entered into an underwriting agreement on September 10, 2012.
• 2The company is issuing $1.05 billion in aggregate principal amount of Senior Notes.
• 3The issuance is divided into three tranches: $350 million due 2017, $350 million due 2022, and $350 million due 2042.
• 4The notes carry coupon rates of 1.40% (2017), 2.75% (2022), and 4.05% (2042).
• 5These notes were registered under a Form S-3 registration statement filed earlier in 2012.
• 6Key underwriters include BNP Paribas Securities Corp., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC, RBS Securities Inc., and Wells Fargo Securities, LLC.

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