secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN CO (SO)
CIK:        0000092122
Form:       8-K
Filed at:   2025-05-27T23:59:59+00:00
Accession:  0000092122-25-000060
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92122/000009212225000060/0000092122-25-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92122/000009212225000060/so-20250520.htm
  HTML page:      https://secwatch.observer/filing/0000092122-25-000060

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