RICHMOND, Va., June 24, 2019 /PRNewswire/ -- Dominion
Energy, Inc. (NYSE: D), announced today that it has successfully
remarketed its 2016 Series A-1 2.0% Remarketable Subordinated Notes
due 2021 (the Series A-1 RSNs) and its 2016 Series A-2 2.0%
Remarketable Subordinated Notes due 2024 (the Series A-2 RSNs). The
optional remarketing was conducted pursuant to the terms of the
governing documents for the notes, which were originally issued on
Aug. 15, 2016, as a part of Dominion
Energy's 2016 Series A Corporate Units (the Corporate Units).
Effective upon closing of the remarketing, the Series A-1 Notes
will bear interest at 2.715% per year and be redesignated as
Dominion Energy's "Series A-1 2.715% Junior Subordinated Notes due
2021" and the Series A-2 Notes will bear interest at 3.071% per
year and be redesignated as Dominion Energy's "Series A-2 3.071%
Junior Subordinated Notes due 2024." The remarketing is
expected to close on June 27, 2019,
subject to customary closing conditions.
Dominion Energy will not directly receive any proceeds from the
remarketing of the notes. It is expected that on Aug. 15, 2019, which is the purchase contract
settlement date for the Corporate Units, a portion of the proceeds
of the portfolio of treasury securities required to be purchased
with the proceeds of the remarketing will be used to settle the
purchase contracts issued as part of the Corporate Units. The
remaining portion of the proceeds of the portfolio of treasury
securities will be distributed to the holders of the Corporate
Units.
The offering is being made under an effective shelf registration
statement on file with the U.S. Securities and Exchange Commission
(SEC). This press release does not constitute an offer to
sell or a solicitation of an offer to buy the securities described
herein, nor shall there be any sale of these securities in any
state or jurisdiction in which such an offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities law of any such jurisdiction. The offering of
notes in connection with the remarketing may be made only by means
of a prospectus and related prospectus supplement, copies of which
may be obtained for free by visiting EDGAR on the SEC's website at
www.sec.gov or by contacting: Citigroup Global Markets Inc.,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, telephone:
1-800-831-9146, email: prospectus@citi.com; Credit Suisse
Securities (USA) LLC, Attn:
Prospectus Department, One Madison Avenue, New York, NY 10010-3629, telephone:
1-800-221-1037, email: newyork.prospectus@credit-suisse.com; or RBC
Capital Markets, LLC, Brookfield
Place, 200 Vesey Street, 8th Floor, New York, NY 10281, Attention: Transaction
Management Group, telephone: 1-866-375-6829, email:
RBCNYFIXEDINCOMEPROSPECTUS@RBCCM.COM.
About Dominion Energy
Nearly 7.5 million customers in 18 states energize their homes
and businesses with electricity or natural gas from Dominion Energy
(NYSE: D), headquartered in Richmond, Va. The company is
committed to sustainable, reliable, affordable and safe energy and
is one of the nation's largest producers and transporters of energy
with about $100 billion of assets providing electric
generation, transmission and distribution, as well as natural gas
storage, transmission, distribution and import/export services. The
company expects to cut generating fleet carbon dioxide emissions 80
percent by 2050 and reduce methane emissions from its gas assets 50
percent by 2030.
This Dominion Energy news release includes certain
"forward-looking information." Examples include information as
to expectations, beliefs, plans, goals, objectives and future
financial or other performance or assumptions concerning matters
discussed in this release. Our business is influenced by many
factors that are difficult to predict, involve uncertainties that
may materially affect actual results and are often beyond our
ability to control or estimate precisely. We have identified
and will in the future identify in our SEC Reports on Forms 10-K
and 10-Q a number of factors that could cause actual results to
differ from those in the forward-looking statements. We refer you
to those discussions for further information. Any
forward-looking statement speaks only as of the date on which it is
made, and we undertake no obligation to update any forward-looking
statement to reflect events or circumstances after the date on
which it is made.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/dominion-energy-announces-remarketing-of-2016-series-a-1-2-0-remarketable-subordinated-notes-due-2021--2016-series-a-2-2-0-remarketable-subordinated-notes-due-2024--300873870.html
SOURCE Dominion Energy