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Form 8-K · Current Report · Filed 2025-05-21

Southern Company Announces Pricing of $1.45B Convertible Notes Offering and Repurchase of Existing Notes

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.

Filer
Southern Company SO · NYSE
Filed
Accession
0000092122-25-000052
CIK
0000092122
Signal
Medium impactUtilities

Details

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.

Items reported

Item 8.01

Other Events

Convertible Notes Offering Reverse Stock Split
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$90.83

Next session

-2.2%

Since filing

+4.1%

Latest close

$94.54

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from SO reporting the same item, with the next session's move:

Exhibits (1)

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.

Exchange NYSE Industry Utilities - Regulated Electric Company website ↗

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