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Dominion Energy, 5.25% 2016 Series A Enhanced Junior Sub Notes due 7/30/2076
Ticker Symbol: DRUA* CUSIP: 25746U844 Exchange: NYSE
* NOTE: This security is no longer trading as of 8/31/2021
Security has been Called for: Tuesday, August 31, 2021
Aug. 11, 2021 -- Dominion Energy, Inc. (NYSE: D), announced today that it has issued a notice of redemption for its 2016 Series A 5.25% Enhanced Junior Subordinated Notes due 2076 (NYSE: DRUA) (the Junior Subordinated Notes) regarding the redemption of all of the outstanding $800 million aggregate principal amount of the Junior Subordinated Notes. The redemption date of the Junior Subordinated Notes will be Aug. 31, 2021, and the redemption price of the Junior Subordinated Notes will be 100% of the principal amount, plus accrued and unpaid interest to, but not including, the redemption date of $0.109375 per $25. Dominion Energy regularly reviews its fixed income obligations seeking to opportunistically optimize its portfolio.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Dominion Energy, Inc., formerly Dominion Resources Inc, 5.25% 2016 Series A Enhanced Junior Subordinated Notes due 2076, issued in $25 denominations, redeemable at the issuer's option on or after 7/30/2021 at $25 per note plus accrued and unpaid interest, and maturing 7/30/2076. Interest distributions of 5.25% per annum ($1.3125 per annum or $0.328125 per quarter) will be paid quarterly on 1/30, 4/30, 7/30 & 10/30 to holders of record on the record date that will be the business day before the payment date so long as the Notes remain in book-entry form or will be the fifteenth calendar day prior to the payment date if the Notes are not in book-entry form (NOTE: the ex-dividend date is one business day prior to the record date). The company has the right, at any time, to defer interest payments for up to 10 consecutive years (but not beyond the maturity date). The Notes are redeemable in whole, but not in part, before 7/30/2021 at 102% of their principal amount, plus accrued and unpaid interest, at any time within 90 days following the occurrence and continuation of a Rating Agency Event or at 100% of their principal amount, plus accrued and unpaid interest, upon the occurrence of a Tax Event (see prospectus for further information. Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was rated as BBB- by S&P at the date of its IPO. The Notes are unsecured, subordinated obligations of the company and will rank equally with all existing and future unsecured, subordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’
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Go to Parent Company's Record (D)
IPO - 7/13/2016 - 32.00 Million Notes @ $25.00 /note.
Link to IPO Prospectus
Previous Name: Dominion Resources, Inc. Changed: 5/15/2017
Market Value $800.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 120 Tredegar Street, Richmond, VA 23219 |
| Main Phone Number |
804-819-2000 |
| Fax Number |
804-819-2205 |
| Investor Relations
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804-819-2000
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| Toll Free Phone Number |
866-366-4357 |
| CEO - Robert M. Blue |
CFO - James R. Chapman |
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