debt
confidence high
sentiment neutral
materiality 0.55
Southern Company issues $565M of 6.50% Junior Subordinated Notes due 2085
SOUTHERN CO
- Total principal amount $565M, including $65M underwriters' option exercised.
- Interest rate 6.50% per annum; maturity date March 15, 2085.
- Underwriting agreement dated Jan 8, 2025; underwriters include BofA, J.P. Morgan, Morgan Stanley, RBC, Wells Fargo.
- Notes issued under shelf registration statement No. 333-277138.
- Closing occurred January 13, 2025; proceeds for general corporate purposes.