Financing ·
On August 6, 2026, The Southern Company issued $833,750,000 aggregate principal amount of Series 2026A 2.125%…
SOJDSouthern Co
On August 6, 2026, The Southern Company issued $833,750,000 aggregate principal amount of Series 2026A 2.125% Convertible Senior Notes due December 15, 2027, and $1,897,500,000 aggregate principal amount of Series 2026B 3.50% Convertible Senior Notes due September 15, 2029. The issuance included the exercise of over-allotment options totaling $356,250,000 in combined principal amounts. The Series 2026A notes carry an initial conversion rate of 9.5641 shares per $1,000 principal (approx. $104.56 conversion price), while the Series 2026B notes have an initial conversion rate of 8.4389 shares per $1,000 principal (approx. $118.50 conversion price). Settlement upon conversion may involve cash, stock, or a combination at the Company's election. The Southern Company operates in the electric utility industry, providing electricity and natural gas services to customers primarily in the southeastern United States.