Summary
This Form 8-K filing from Dominion Resources, Inc. (now Dominion Energy) announces a significant debt financing event. On March 21, 2017, the company entered into an underwriting agreement for the sale of $100 million in aggregate principal amount of its 2015 Series B 3.90% Senior Notes due 2025. This issuance of senior notes is a routine capital markets transaction for a company of Dominion's size and nature, aimed at raising funds for its ongoing operations and potentially for future investments or debt refinancing. Investors should note the specific terms of these notes, including the coupon rate of 3.90% and the maturity date in 2025, as detailed in the filing and incorporated indenture documents. The company has registered these securities under a shelf registration statement, indicating a proactive approach to managing its capital structure.
Key Highlights
- 1Dominion Resources, Inc. (now Dominion Energy) entered into an underwriting agreement on March 21, 2017.
- 2The agreement is for the sale of $100,000,000 aggregate principal amount of Series B Senior Notes.
- 3The notes are 3.90% Senior Notes due in 2025.
- 4These notes were previously registered under a Form S-3 shelf registration statement.
- 5The issuance is governed by the Second Supplemental Indenture dated September 1, 2015.
- 6Morgan Stanley & Co. International plc acted as the Representative for the underwriters.
- 7The filing includes the Underwriting Agreement as an exhibit.