---
schema_version: "secwatch.filing_event.v1"
accession: "0000092122-21-000109"
form_type: "8-K"
ticker: "SO"
cik: "0000092122"
company_name: "SOUTHERN CO"
filed_at: "2021-12-14T23:59:59+00:00"
generated_at: "2026-06-28T01:30:21.301737+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Southern Co subsidiary terminates international leveraged leases, receives $672.5M

## Summary
- Subsidiary of Southern Company Holdings terminated leasehold interests in two international leveraged lease projects on Dec 13, 2021.
- Received $672.5 million in cash proceeds from accelerated exercise of lessee purchase options.
- Preliminary pre-tax gain of ~$93 million ($100 million after tax) from the transaction.
- Company will exclude this gain when reporting 2021 adjusted earnings as non-recurring.

## SEC filing metadata
- accession: 0000092122-21-000109
- form_type: 8-K
- ticker: SO
- cik: 0000092122
- company_name: SOUTHERN CO
- filed_at: 2021-12-14T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/92122/000009212221000109/0000092122-21-000109-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92122/000009212221000109/so-20211213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000092122-21-000109
- JSON: https://secwatch.observer/filing/0000092122-21-000109.json
- Plain text: https://secwatch.observer/filing/0000092122-21-000109.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.