secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN CO (SO)
CIK:        0000092122
Form:       8-K
Filed at:   2025-05-21T23:59:59+00:00
Accession:  0000092122-25-000052
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southern Company prices $1.45B 3.25% convertible notes due 2028; upsized by $200M
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- $1.45B aggregate principal of 3.25% Convertible Senior Notes due June 15, 2028, upsized $200M from prior announcement.
- Initial conversion price ~$113.54/share, representing a ~25% premium over May 20 closing price of common stock.
- Net proceeds ~$1.44B; $1.25B used to repurchase ~$781.6M of Series 2023A and ~$328.1M of Series 2024A convertible notes.
- Remaining proceeds to repay commercial paper and for general corporate purposes.
- Closing expected May 23, 2025; initial purchasers have 13-day option for additional $200M of notes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92122/000009212225000052/0000092122-25-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92122/000009212225000052/so-20250520.htm
  HTML page:      https://secwatch.observer/filing/0000092122-25-000052

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer