Southern Company Secures $1.65 Billion Financing Through New Convertible Senior Notes Agreement

Reuters
05-28
Southern Company Secures $1.65 Billion Financing Through New Convertible Senior Notes Agreement

Southern Company has successfully issued $1.65 billion in Series 2025A 3.25% Convertible Senior Notes due June 15, 2028. This financial move, executed on May 23, 2025, was facilitated through a Purchase Agreement dated May 20, 2025, and is backed by the Senior Note Indenture, initially established on January 1, 2007, and further enhanced by the Thirty-Fourth Supplemental Indenture. The transaction was conducted with Computershare Trust Company, N.A. as the trustee. This issuance was made through a private placement, relying on exemptions from registration under the Securities Act, specifically Section 4(a)(2) and Rule 144A, targeting qualified institutional buyers. The notes provide the option for conversion into a maximum of 18,165,675 shares of Southern Company's common stock, under certain conditions, pursuant to the exemption provided by Section 3(a)(9) of the Securities Act.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Southern Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000092122-25-000060), on May 27, 2025, and is solely responsible for the information contained therein.

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