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Dominion Announces Equity Units Offering

RICHMOND, Va., Aug. 8, 2016 /PRNewswire/ -- Dominion (D) (NYSE: D) announced today its intention to offer to sell 25 million equity units, subject to market and other conditions. Each equity unit will be issued in a stated amount of $50 and will consist of a contract to purchase common stock in the future and two 1/40 undivided beneficial ownership interests in remarketable subordinated notes each having a principal amount of $1,000. Dominion expects to grant to the underwriters an option to purchase an additional 3 million equity units to cover over-allotments.

Dominion intends to use the net proceeds from this offering for general corporate purposes, including funding, in part, Dominion's combination with Questar Corporation (STR) (NYSE: STR).

RBC Capital Markets, LLC, Mizuho Securities USA Inc., Credit Suisse Securities (USA) LLC, Wells Fargo Securities, LLC, BNP Paribas Securities Corp., Deutsche Bank Securities Inc., MUFG Securities Americas Inc., Scotia Capital (USA) Inc., SunTrust Robinson Humphrey, Inc. and U.S. Bancorp Investments, Inc. will be joint book-running managers for the offering.

The offering will be made under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission. This...


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