What is the primary purpose of this Form 8-K filing?

This Form 8-K is filed to report Dominion Resources' execution of an underwriting agreement for the sale of $650 million of its 3.90% Senior Notes due 2025. It serves as a public disclosure of this significant debt financing activity.

How will this debt issuance affect Dominion's financial structure?

The issuance of $650 million in Senior Notes will increase Dominion's total debt and leverage. This will also lead to higher interest expenses on the income statement, impacting profitability, but will provide the company with capital for its operations or investments.

What is the significance of the 3.90% interest rate and the 2025 maturity date?

The 3.90% interest rate represents the cost of borrowing for Dominion on these notes. The 2025 maturity date indicates when the principal amount of these notes will be due for repayment. Investors can use this information to assess the company's cost of capital and its long-term debt obligations.

Where can I find more details about this debt issuance?

More details can be found in the filed exhibits to this Form 8-K, specifically the Underwriting Agreement (Exhibit 1.1) and the Second Supplemental Indenture (Exhibit 4.2), which outline the terms and conditions of the note issuance.

D 8-K SEC Disclosure — Sep 24, 2015

Summary

Dominion Resources, Inc. (D) filed an 8-K on September 23, 2015, reporting the execution of an underwriting agreement on September 21, 2015, for the sale of $650 million in aggregate principal amount of 3.90% Senior Notes due 2025. This issuance is part of the company's existing shelf registration statement, indicating ongoing capital management strategies. The primary purpose of this filing is to disclose the terms of the debt offering. Investors should note the principal amount, coupon rate, and maturity date of these notes, which will impact the company's leverage and interest expense. The offering aims to provide Dominion with capital, likely for general corporate purposes, infrastructure investments, or refinancing existing debt.

Key Highlights

1Dominion Resources entered into an underwriting agreement on September 21, 2015, to issue new debt.
2The company will issue $650,000,000 in aggregate principal amount of Senior Notes.
3The notes will carry a fixed interest rate of 3.90% per annum.
4The Senior Notes will mature in 2025, providing a 10-year maturity.
5This debt issuance was registered under a shelf registration statement filed previously with the SEC.
6The underwriters for this offering include major financial institutions such as Citigroup Global Markets Inc., Deutsche Bank Securities Inc., UBS Securities LLC, and Wells Fargo Securities, LLC.
7The filing includes the Underwriting Agreement and a Second Supplemental Indenture related to the issuance.

DOMINION ENERGY, INC 8-K Report, Corporate Update (Sep 24, 2015)

Summary

Key Highlights

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