Southern Company announces equity units offering
SO•Southern Company announced a public offering of 35 million equity units at $50 each, for an aggregate stated amount of $1.75 billion.
1. Offering details
Southern Company said it will offer 35 million equity units at $50 each, for an aggregate stated amount of $1.75 billion. The company plans to use the proceeds to repurchase its Series 2024A 4.50% convertible senior notes due June 15, 2027.
