Financing ·
On August 3, 2026, The Southern Company priced $725 million of Series 2026A 2.125% Convertible Senior Notes due…
SOJDSouthern Co
On August 3, 2026, The Southern Company priced $725 million of Series 2026A 2.125% Convertible Senior Notes due December 15, 2027 and $1.65 billion of Series 2026B 3.50% Convertible Senior Notes due September 15, 2029 in private placements to qualified institutional buyers. The offerings were upsized by $75 million and $150 million respectively over initial announcements, with options granted for an additional $356.25 million in principal. Contemporaneously, the company repurchased approximately $369 million of its Series 2024A Convertible Notes through privately negotiated transactions. Net proceeds are intended to fund the note repurchases, repay short-term debt, and support general corporate purposes. The Southern Company is a leading energy provider serving 9 million customers across the Southeast with electric, natural gas, generation, and telecommunications operations.