05:15 AM EDT, 09/19/2024 (MT Newswires) -- Dominion Energy ( D ) said late Wednesday it will redeem all $685 million of its outstanding 2014 series A enhanced junior subordinated notes due 2054 for cash on Oct. 8 at 100% of the principal amount plus accrued interest.

The company issued $2 billion of enhanced junior subordinated notes in two series of $1 billion each maturing in 2054 and 2055, respectively, in May.

The company said the proceeds from the notes were intended to finance a cash tender offer for shares of its series B preferred stock and repay short-term debt, among other things.

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