Southern Company
Southern Company Announces Pricing of $1.45B Convertible Notes Offering and Repurchase of Existing Notes
Summary
On May 20, 2025, Southern Company announced the pricing of $1.45 billion in aggregate principal amount of its Series 2025A 3.25% Convertible Senior Notes due June 15, 2028 in a private offering to qualified institutional buyers, reflecting an upsize of $200 million over the previously announced offering size. The Company also repurchased approximately $1.11 billion aggregate principal amount of its Series 2023A and Series 2024A Convertible Senior Notes. The Convertible Notes will be used to repurchase existing convertible notes and for other general corporate purposes.
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About Southern Company
Southern Company is a leading energy company in the United States, primarily focusing on electricity generation, transmission, and distribution. It serves a substantial customer base across the southern region of the U.S., providing reliable electric service through its subsidiaries. The company generates electricity through various energy sources, including natural gas, coal, nuclear, and renewables, reflecting its commitment to a diverse energy portfolio. Southern Company plays a vital role in the utilities sector, significantly impacting the energy infrastructure and economic development of the regions it serves. Its efforts towards sustainability and innovation are noteworthy, aiming to incorporate cleaner energy solutions to reduce carbon emissions. Headquartered in Atlanta, Georgia, Southern Company is a critical entity in the utility industry and is known for its robust service delivery and strategic investments in energy technologies. Its operations encompass traditional utility services, wholesale energy services, and energy infrastructure development, making it a key player in shaping the future of energy in the United States.
Official SEC Documents
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