Southern Co announces $2.15B convertible notes offering to refinance existing debt

Filed August 3, 2026 · Period ending August 3, 2026 · ~1 min read

Key Changes

• high

  Offering $650M of 2027 convertible notes and $1.5B of 2029 convertible notes in private placements to qualified institutional buyers, with greenshoe options for up to $322.5M additional notes.

  Item 8.01 — Other Events verify on EDGAR →
• high

  Proceeds will repurchase portions of existing Series 2024A 4.50% convertible notes due June 2027 and Series 2025A 3.25% notes due June 2028, with remainder repaying short-term debt and general corporate purposes.

  Exhibit 99.1 view on EDGAR →
• medium

  Notes have conditional conversion rights initially, becoming freely convertible three months before maturity. Company will pay cash for principal and may settle excess conversion value in cash, stock, or combination.

  Exhibit 99.1 view on EDGAR →