Summary
Dominion Resources, Inc. (now Dominion Energy) filed an 8-K on January 11, 2017, reporting the issuance of $800 million in senior notes. The issuance comprised $400 million of 1.875% Senior Notes due 2019 and $400 million of 2.75% Senior Notes due 2022. This action was executed through an underwriting agreement with Barclays Capital Inc., Citigroup Global Markets Inc., and UBS Securities LLC. These notes were issued under a shelf registration statement previously filed with the SEC, indicating a strategic move to raise capital. The interest rates suggest favorable borrowing costs at the time for the company. Investors should note that this filing pertains to debt financing, which impacts the company's capital structure and leverage, but it does not directly reflect changes in operational performance or equity value at this specific reporting event.
Key Highlights
- 1Dominion Resources, Inc. entered into an underwriting agreement on January 9, 2017.
- 2The company issued $400 million in aggregate principal amount of 1.875% Senior Notes due 2019.
- 3The company also issued $400 million in aggregate principal amount of 2.75% Senior Notes due 2022.
- 4Total aggregate principal amount of senior notes issued is $800 million.
- 5The notes were registered under a shelf registration statement on Form S-3.
- 6The filing includes the Underwriting Agreement as Exhibit 1.1.
- 7Supplemental indentures for both series of notes are filed as exhibits.