Southern Co. completes $1.725B junior subordinated notes remarketing; rates reset to 4.475%/5.113%

SOUTHERN CO

Remarketed $862.5M Series 2019A JSNs (rate reset to 4.475%) and $862.5M Series 2019B JSNs (rate reset to 5.113%).
Company received no proceeds; proceeds used to buy Treasury securities maturing by August 1, 2022.
Funds from Treasury maturities expected to settle Purchase Contracts on August 1, 2022.
Remarketing agents included Goldman Sachs, Barclays, Citigroup, J.P. Morgan, Morgan Stanley, Wells Fargo.

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