Dominion Resources Completes Public Offering Of 3.9% Senior Notes, Due 2025 For US$100 Million

Published: Mar 21 2017
Deal Summary

Dominion Resources, Inc., a power and energy company, completed the public offering of 3.9% 2015 Series B senior notes, due October 1, 2025, for gross proceeds of US$100 million (MM). Interest on the notes is payable semiannually on April 1 and October 1 of each year commencing on April 1, 2017.

Morgan Stanley & Co. International plc acted as book-running manager to the company for the offering. The company intends to use the proceeds from the offering to finance capital expenditures, for future acquisitions, to retire or redeem debt securities and for other general corporate purposes which may include the repayment of commercial paper and debt under any of our credit facilities.

Deal history

Completed: On March 27, 2017, Dominion Resources completed the public offering of 3.9% 2015 Series B senior notes, due October 1, 2025, for gross proceeds of US$100 MM.

Pricing/Filling: On March 21, 2017, Dominion Resources priced the public offering of 3.9% 2015 Series B senior notes, due October 1, 2025, for gross proceeds of US$100 MM.

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