debt
confidence high
sentiment neutral
materiality 0.50
Dominion Energy to launch cash tender offer for up to $800M Series B Preferred shares at $997.50/share
DOMINION ENERGY, INC
- Tender offer for any and all 800,000 outstanding Series B Preferred shares ($800M liquidation preference).
- Purchase price of $997.50 per share plus accrued dividends; offer conditionally on concurrent notes offering.
- Tender offer expected to commence May 7, 2024, and expire June 4, 2024, unless extended.
- Board makes no recommendation to holders regarding whether to tender shares.