On November 14, 2024, Dominion Energy, Inc. (D, Financial) entered into an underwriting agreement with BofA Securities, Inc., Goldman Sachs & Co. LLC, and Wells Fargo Securities, LLC. This agreement facilitates the sale of $1.25 billion in aggregate principal amount of the company's 2024 Series C Enhanced Junior Subordinated Notes due 2055 (Series C EJSNs).
The Series C EJSNs are junior subordinated notes registered under Rule 415 of the Securities Act of 1933, as amended. This registration was part of a Form S-3 filing that became effective on February 21, 2023. The issuance of these notes is governed by the Eighteenth Supplemental Indenture to Dominion Energy's June 1, 2006 Subordinated Indenture II, which has been supplemented and amended by the Third Supplemental and Amending Indenture dated June 1, 2009.
This strategic financial maneuver is aimed at bolstering Dominion Energy's capital structure, providing the company with enhanced financial flexibility to support its long-term growth objectives. Investors and stakeholders will be keen to observe how this move impacts the company's financial health and market position.
Should you invest in Dominion Energy Inc (D, Financial) right now? Before you do it, it’s important to understand the business profitability and stock valuations, and find out what the warning signs are about. See the in-depth Dominion Energy Inc (D) stock research here.
