Summary
Dominion Resources, Inc. (now Dominion Energy, Inc.) filed an 8-K on October 2, 2014, to report on the issuance of $685 million in aggregate principal amount of its 2014 Series A Enhanced Junior Subordinated Notes due 2054. This offering was conducted under a shelf registration statement previously filed with the SEC. The purpose of this filing is to provide investors with the details of this new debt issuance, including the underwriting agreement and the supplemental indenture governing these notes.
Key Highlights
- 1Dominion Resources, Inc. successfully priced an offering of $685 million in Enhanced Junior Subordinated Notes.
- 2The notes are due in 2054, indicating a long-term financing strategy.
- 3The offering was made through an underwriting agreement with several prominent financial institutions, including Barclays Capital Inc., Morgan Stanley & Co LLC, UBS Securities LLC, and Wells Fargo Securities, LLC.
- 4These notes were issued under a shelf registration statement (Form S-3, File No. 333-79213), indicating prior SEC review and availability for delayed offerings.
- 5The issuance is further detailed by the Seventh Supplemental Indenture to the company's Junior Subordinated Indenture II.
- 6The filing includes exhibits such as the Underwriting Agreement, the Seventh Supplemental Indenture, and legal opinions concerning the notes.