debt
confidence high
sentiment neutral
materiality 0.50
Southern Company prices $1.3B 4.50% convertible notes due 2027, upsized by $200M
SOUTHERN CO
- Total $1.3B aggregate principal of Series 2024A 4.50% Convertible Senior Notes due June 15, 2027.
- Offering upsized by $200M from originally announced size; initial purchasers have option for additional $200M.
- Notes issued in private offering to qualified institutional buyers under Rule 144A.
- Net proceeds expected for general corporate purposes, including capex and working capital.