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Dominion Resources Inc Announces Pricing Of Equity Units


Tuesday, 4 Jun 2013 07:30am EDT 

Dominion Resources Inc announced that it has priced its offerings of 10 million 2013 Series A equity units and 10 million 2013 Series B equity units. Each 2013 Series A equity unit will be issued in a stated amount of $50 ($500 million aggregate stated amount) and will consist of a contract to purchase common stock in the future and a 1/20 undivided beneficial ownership interest in Dominion's 2013 Series A 1.07% remarketable subordinated notes due 2021 having a principal amount of $1,000. The 2013 Series A equity units are subject to remarketing to commence no earlier than December 30, 2015. Each 2013 Series B equity unit will be issued in a stated amount of $50 ($500 million aggregate stated amount) and will consist of a contract to purchase common stock in the future and a 1/20 undivided beneficial ownership interest in Dominion's 2013 Series B 1.18% remarketable subordinated notes due 2019 having a principal amount of $1,000. The 2013 Series B equity units are subject to remarketing to commence no earlier than March 30, 2016. The offerings are expected to close on June 7, 2013. 

Company Quote

70.59
-0.38 -0.54%
1:30pm EST