Southern Company issues $2.73B in convertible senior notes in two tranches

SOUTHERN CO

Total principal $2.73125B: Series A $833.75M at 2.125% due 2027, Series B $1.8975B at 3.50% due 2029.
Initial conversion prices: $104.56/share for Series A, $118.50/share for Series B.
Notes sold in private placement to initial purchasers with over-allotment options exercised.
Maximum shares issuable upon conversion: ~8.97M for Series A, ~20.42M for Series B.
Notes are unsecured, unsubordinated, not redeemable by company.

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