Summary
Dominion Resources, Inc. (now Dominion Energy) filed an 8-K on July 18, 2016, reporting on an underwriting agreement entered into on July 12, 2016, for the sale of $800 million in aggregate principal amount of its 2016 Series A 5.25% Enhanced Junior Subordinated Notes due 2076. These notes were registered under a Form S-3 shelf registration statement effective since December 2014, indicating the company was utilizing its pre-established ability to issue debt. The filing also includes various indenture agreements related to the issuance of these notes.
Key Highlights
- 1Dominion Resources, Inc. issued $800 million in aggregate principal amount of 5.25% Enhanced Junior Subordinated Notes due 2076.
- 2The offering was conducted under an underwriting agreement dated July 12, 2016.
- 3The notes were registered under a Form S-3 shelf registration statement filed previously, indicating a common financing strategy for the company.
- 4The issuance represents long-term debt for Dominion Resources, Inc.
- 5The filing details the specific indenture agreements governing the issuance of these notes, including supplemental indentures.
- 6Key underwriters involved in the offering included Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, UBS Securities LLC, and Wells Fargo Securities, LLC.