Southern Company Upsizes and Prices $1.45 Billion Series 2025A Convertible Senior Notes Offering
Southern Company has upsized and priced its Series 2025A 3.25% Convertible Senior Notes offering to $1.45 billion, an increase of $200 million from the previous amount. The notes, maturing on June 15, 2028, will be sold privately to qualified institutional buyers under Rule 144A. An additional $200 million option is available for initial purchasers, with the offering expected to close on May 23, 2025, pending customary conditions.
Southern Company has announced the upsize and pricing of its Series 2025A 3.25% Convertible Senior Notes, amounting to $1.45 billion in aggregate principal, with a maturity date set for June 15, 2028. This recent development reflects an increase of $200 million over the previously announced offering size. The notes will be sold in a private placement to qualified institutional buyers under Rule 144A of the Securities Act of 1933. Additionally, Southern Company has provided the initial purchasers an option to purchase up to an extra $200 million in aggregate principal amount of the Convertible Notes, with settlement expected within 13 days from the initial issuance. The offering is anticipated to close on May 23, 2025, subject to customary closing conditions.
