secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN CO (SO)
CIK:        0000092122
Form:       8-K
Filed at:   2021-12-14T23:59:59+00:00
Accession:  0000092122-21-000109
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92122/000009212221000109/0000092122-21-000109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92122/000009212221000109/so-20211213.htm
  HTML page:      https://secwatch.observer/filing/0000092122-21-000109

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