Southern Company issues $1.65B of 3.25% Convertible Senior Notes due 2028

SOUTHERN CO

Issued $1.65B of 3.25% Convertible Senior Notes due June 15, 2028; includes $200M over-allotment.
Initial conversion rate: 8.8077 shares per $1,000 principal (~$113.54/share); convertible under specified conditions.
Settles conversions in cash for principal amount, plus cash/stock for excess at company's election; notes not redeemable.
Sold via private placement to QIBs under Rule 144A; shares issuable upon conversion are unregistered.
Interest payable semi-annually starting Dec 15, 2025; matures June 15, 2028, unless converted or repurchased.

item 2.03item 3.02item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.