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Southern Company plans repurchase of convertible notes due 2027

By Public Technologies
  • Southern Company plans to sell 35 million equity units at $50 each, totaling $1.75 billion.
  • Proceeds will partly fund repurchases of Series 2024A 4.5% Convertible Senior Notes due June 15, 2027.
  • Remaining proceeds will repay short-term indebtedness and fund general corporate purposes, including subsidiary investments.
  • Underwriters are expected to receive an option to purchase 5 million additional equity units worth $250 million to cover over-allotments.


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 PR Newswire (Ref. ID: 202611120639PR_NEWS_USPR_____CL95847) on November 12, 2026, and is solely responsible for the information contained therein.

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