secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN CO (SO)
CIK:        0000092122
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0000092122-24-000059
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southern issues $1.5B of 4.50% convertible notes due 2027 at ~$92.45 conversion price
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- Issued $1.5 billion of 4.50% Convertible Senior Notes due June 15, 2027, including $200M overallotment.
- Initial conversion price approximately $92.45 per common share (10.8166 shares per $1,000 principal).
- Notes are unsecured, unsubordinated, not redeemable by company; holders can convert under specified conditions.
- Sold via private placement under Section 4(a)(2) and Rule 144A; common shares issuable upon conversion unregistered.
- Use of proceeds not disclosed; expected for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92122/000009212224000059/0000092122-24-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92122/000009212224000059/so-20240509.htm
  HTML page:      https://secwatch.observer/filing/0000092122-24-000059

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