Southern Company has successfully issued $1.65 billion in Series 2025A 3.25% Convertible Senior Notes due June 15, 2028. This financial move, executed on May 23, 2025, was facilitated through a Purchase Agreement dated May 20, 2025, and is backed by the Senior Note Indenture, initially established on January 1, 2007, and further enhanced by the Thirty-Fourth Supplemental Indenture. The transaction was conducted with Computershare Trust Company, N.A. as the trustee. This issuance was made through a private placement, relying on exemptions from registration under the Securities Act, specifically Section 4(a)(2) and Rule 144A, targeting qualified institutional buyers. The notes provide the option for conversion into a maximum of 18,165,675 shares of Southern Company's common stock, under certain conditions, pursuant to the exemption provided by Section 3(a)(9) of the Securities Act.
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