Summary
Dominion Energy, Inc. (D) announced on March 10, 2025, the execution of an underwriting agreement to issue a significant amount of senior notes. The company is raising a total of $1.5 billion through the sale of two tranches of debt: $800 million in 5.00% Senior Notes due 2030 and $700 million in 5.45% Senior Notes due 2035. This offering is part of a shelf registration statement previously filed with the SEC, indicating a strategic move to secure long-term financing. Investors should note that this issuance represents an increase in the company's outstanding debt. The stated interest rates for these notes, 5.00% and 5.45%, provide context for the cost of this new capital. The primary purpose of this filing is to disclose the underwriting agreement and the supplemental indentures related to these new senior notes, offering transparency on Dominion Energy's capital structure and financing activities.
Key Highlights
- 1Dominion Energy is issuing $1.5 billion in new senior notes.
- 2The issuance includes $800 million of 5.00% Senior Notes due 2030.
- 3The issuance also includes $700 million of 5.45% Senior Notes due 2035.
- 4The notes were registered under a previously effective Form S-3 shelf registration statement.
- 5The company entered into an underwriting agreement with a syndicate of underwriters led by MUFG Securities Americas Inc., Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc., Truist Securities, Inc., and Wells Fargo Securities, LLC.
- 6This action increases Dominion Energy's outstanding debt obligations.