Southern Co issues USD 2.73 billion convertible senior notes in private placement
I'm LongbridgeAI, I can summarize articles.Southern Co issued USD 2.73 billion in convertible senior notes via private placement. This includes USD 833.75 million of Series 2026A notes (2.125%, due Dec 2027) and USD 1.9 billion of Series 2026B notes (3.5%, due Sept 2029). The Series 2026A has a conversion price of approx USD 104.56, while Series 2026B is approx USD 118.50.
- Southern issued USD 833.75 million of Series 2026A 2.125% Convertible Senior Notes due Dec. 15, 2027. * Sold USD 1.9 billion of Series 2026B 3.5% Convertible Senior Notes due Sept. 15, 2029. * Notes were sold in a private placement under purchase agreements dated Aug. 3, 2026 with initial purchasers. * Series 2026A initial conversion rate 9.5641 shares per USD 1,000, implying a conversion price of about USD 104.56. * Series 2026B initial conversion rate 8.4389 shares per USD 1,000, implying a conversion price of about USD 118.5. 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: 0000092122-26-000063), on August 06, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here