secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN CO (SO)
CIK:        0000092122
Form:       8-K
Filed at:   2026-08-04T01:35:26+00:00
Accession:  0000092122-26-000060
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southern Company upsizes and prices $2.375B in convertible notes; repurchases $369M of existing notes
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- Pricing of $725M Series 2026A 2.125% convertible notes due 2027 and $1.65B Series 2026B 3.50% convertible notes due 2029, upsized by $75M and $150M respectively.
- Initial conversion prices: $104.56/share (12.5% premium) for 2026A, $118.50/share (27.5% premium) for 2026B.
- Net proceeds estimated at ~$721M (2026A) and ~$1.63B (2026B); ~$403M used to repurchase $369M of Series 2024A 4.50% convertible notes.
- Remaining proceeds to repay short-term debt and for general corporate purposes.
- Offerings expected to close August 6, 2026; initial purchasers have options to buy additional $108.75M (2026A) and $247.5M (2026B).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/92122/000009212226000060/0000092122-26-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92122/000009212226000060/so-20260803.htm
  HTML page:      https://secwatch.observer/filing/0000092122-26-000060

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