secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN CO (SO)
CIK:        0000092122
Form:       8-K
Filed at:   2023-03-01T23:59:59+00:00
Accession:  0000092122-23-000022
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southern Company issues $1.725B of 3.875% Convertible Senior Notes due 2025
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- Issued $1.5B in Series 2023A 3.875% Convertible Senior Notes due Dec 15, 2025, plus $225M over-allotment.
- Initial conversion price ~$84.16 per share; conversion rate 11.8818 shares per $1,000 principal.
- Settlement in cash up to principal amount; remainder may be paid in cash, stock, or combination.
- Holders may require repurchase at 100% upon a Fundamental Change; notes not redeemable by Company.
- Up to 26.6M shares of common stock may be issued upon conversion based on maximum conversion rate.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92122/000009212223000022/0000092122-23-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92122/000009212223000022/so-20230228.htm
  HTML page:      https://secwatch.observer/filing/0000092122-23-000022

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