debt
confidence high
sentiment neutral
materiality 0.70
Southern Company issues $1.8B of 6.375% junior subordinated notes due 2055
SOUTHERN CO
- Issued $1.8B aggregate principal of Series 2025B 6.375% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due March 15, 2055.
- Underwriting agreement dated Feb 25, 2025 with Barclays, Citigroup, Mizuho, MUFG, PNC, Truist as representatives.
- Notes are junior subordinated obligations; coupon resets after initial fixed period.
- Registered under shelf registration statement No. 333-277138.