01—Abstract
Summary
Summary of the 8-K filed June 16, 2026. Cited figures are marked; the original filing is the authoritative source.
Dominion Energy, Inc. (D) has announced the successful underwriting of $1.5 billiona in aggregate principal amount of Junior Subordinated Notes due 2056.
This offering is split into two tranches: $1.0 billionb 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.
02—Key points
Key Highlights
- Dominion Energy priced $1.5 billion in Junior Subordinated Notes due 2056.
- The offering consists of $1 billion in Series A Junior Subordinated Notes and $500 million in Series B Junior Subordinated Notes.
- The notes were registered under a Form S-3 shelf registration statement, effective October 31, 2025.
- The issuance is governed by the Company's existing Junior Subordinated Indenture II, as supplemented by new indentures for each series of notes.
- The 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.
- The filing includes the underwriting agreement and the supplemental indentures as exhibits, along with legal opinions on the issuance and tax consequences.
03—Questions
Frequently Asked Questions
What is the purpose of issuing these Junior Subordinated Notes?
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.
What are the risks associated with Junior Subordinated Notes compared to other debt?
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.
When will these notes mature and what is their aggregate principal amount?
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.
Which financial institutions are involved in this offering?
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.
04—Continue