Southern Co issues USD 2.73 billion convertible senior notes in private placement
SO•Convertible senior notes offering
Southern Co issued USD 833.75 million of Series 2026A 2.125% Convertible Senior Notes due Dec. 15, 2027.
It also sold USD 1.9 billion of Series 2026B 3.5% Convertible Senior Notes due Sept. 15, 2029.
The 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.
