Summary
Dominion Energy, Inc. (D) has filed an 8-K report disclosing the entry into a $500 million 364-day Term Loan Credit Agreement. This agreement, finalized on June 14, 2018, with Toronto Dominion (Texas) LLC as the Administrative Agent, allows Dominion Energy to borrow the full amount for general corporate purposes. The unsecured loan matures on June 13, 2019, and the proceeds may be utilized for various corporate needs, including the repayment of existing debt such as commercial paper.
Key Highlights
- 1Dominion Energy entered into a $500 million 364-day Term Loan Credit Agreement.
- 2The loan agreement was executed on June 14, 2018.
- 3The full $500 million was borrowed under the agreement.
- 4Proceeds are designated for general corporate purposes.
- 5Potential uses include repayment of debt, such as commercial paper.
- 6The loan is unsecured.
- 7The loan matures on June 13, 2019.
Frequently Asked Questions
The $500 million term loan is intended for general corporate purposes. This can include various financial activities, such as repaying existing debt, including commercial paper, and other general operational needs.
The 364-day term loan matures on June 13, 2019, meaning the full amount borrowed is due on that date.
No, the filing explicitly states that Dominion Energy's obligations under this Term Loan Credit Agreement are unsecured.
The primary parties are Dominion Energy, Inc. as the borrower, Toronto Dominion (Texas) LLC as the Administrative Agent, and TD Securities (USA) LLC as the Lead Arranger and Bookrunner, along with other lenders named in the agreement.