Dominion Energy Inc.

Description

Dominion Energy Inc. has priced a public offering of 20 million shares of its common stock at a price per share of $67.85 in connection with the forward sale agreements described below. Goldman Sachs & Co. LLC, Credit Suisse Securities (USA) LLC, Barclays Capital Inc., Citigroup and J.P. Morgan are acting as joint book-running managers of the offering.

In connection with the offering, Dominion Energy entered into forward sale agreements with Goldman Sachs & Co. LLC and Credit Suisse Securities (USA) LLC or affiliates thereof, under which Dominion Energy agreed to issue and sell to the forward counterparties—subject to Dominion Energy's right to cash settle or net share settle the forward sale agreements—20 million shares of its common stock. The underwriters of the offering have been granted a 30-day option to purchase up to an additional 3 million shares of Dominion Energy's common stock upon the same terms. The offering is expected to close on April 2, 2018.

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Estimated Price
$1,357.0MM
Financing Type
Report Date