Southern Company Upsizes and Prices $1.45 Billion Series 2025A Convertible Senior Notes Offering

Reuters
2025.05.21 00:33
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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.