8-KOther EventsExhibits & Filings

DOMINION ENERGY, INC 8-K Report, Corporate Update (Jun 16, 2026)

Filed June 16, 2026For Securities:D

Summary

Dominion Energy, Inc. (D) has announced the successful underwriting of $1.5 billion in aggregate principal amount of Junior Subordinated Notes due 2056. This offering is split into two tranches: $1.0 billion of 2026 Series A Junior Subordinated Notes and $500 million of 2026 Series B Junior Subordinated Notes. These notes were registered under a previously effective Form S-3 registration statement and will be issued under specific supplemental indentures to the Company's existing Junior Subordinated Indenture II. The issuance of these junior subordinated notes represents a significant capital raise for Dominion Energy. Investors should note that these are junior subordinated notes, meaning they rank lower in priority of payment than senior debt, which carries higher risk but typically offers a higher yield. The proceeds from this offering are expected to be used for general corporate purposes, which may include funding capital expenditures and refinancing existing debt.

Key Highlights

  • 1Dominion Energy priced $1.5 billion in Junior Subordinated Notes due 2056.
  • 2The offering consists of $1 billion in Series A Junior Subordinated Notes and $500 million in Series B Junior Subordinated Notes.
  • 3The notes were registered under a Form S-3 shelf registration statement, effective October 31, 2025.
  • 4The issuance is governed by the Company's existing Junior Subordinated Indenture II, as supplemented by new indentures for each series of notes.
  • 5The underwriting agreement was made with a syndicate of prominent financial institutions including Morgan Stanley, RBC Capital Markets, U.S. Bancorp Investments, and Wells Fargo Securities.
  • 6The filing includes the underwriting agreement and the supplemental indentures as exhibits, along with legal opinions on the issuance and tax consequences.

Frequently Asked Questions

The filing states the notes were registered under a shelf registration statement, and while the specific use of proceeds isn't detailed in this 8-K, such offerings are typically for general corporate purposes, which can include funding capital expenditures, refinancing existing debt, or supporting overall business operations.

Junior subordinated notes are subordinate to senior debt, meaning they have a lower priority in payment in the event of bankruptcy or liquidation. This increased risk generally translates to a higher interest rate (yield) for investors compared to senior debt issued by the same company.

Both the Series A and Series B Junior Subordinated Notes are due in 2056. The aggregate principal amount of the offering is $1.5 billion, comprising $1 billion of Series A notes and $500 million of Series B notes.

The underwriting agreement was entered into with Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, U.S. Bancorp Investments, Inc., and Wells Fargo Securities, LLC, acting as Representatives for the underwriters.