trending Market Intelligence /marketintelligence/en/news-insights/trending/DTNczjXL0ejztcXp5yDPCw2 content esgSubNav
In This List

Dominion Energy South Carolina raises bond tender offer cap to $552.3M

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Using ESG Analysis to Support a Sustainable Future

Research

US utility commissioners: Who they are and how they impact regulation

Blog

Q&A: Datacenters: Energy Hogs or Sustainability Helpers?


Dominion Energy South Carolina raises bond tender offer cap to $552.3M

Dominion Energy South Carolina Inc. has raised the cap on its tender offer to purchase its 4.250% first mortgage bonds, after it was fully subscribed as of the Sept. 11 early tender date.

The Dominion Energy Inc. subsidiary will now purchase $552.3 million of the bond, up from $400 million.

Based on initial results, the company will accept all of the 4.25% bonds due 2028 and 4.350% bonds due 2042 that were validly tendered and not withdrawn by 5 p.m. ET on Sept. 11. No 4.600% bonds due 2043 will be accepted for purchase.

The company does not expect to accept for purchase any bonds tendered after the early tender deadline. The tender is scheduled to expire at 11:59 p.m. ET on Sept. 25.

Bank of America Merrill Lynch and U.S. Bancorp Investments Inc. are acting as dealer managers for the offer.