06.05.2024 13:19:09 - dpa-AFX: Southern Company To Privately Place $1.1 Bln Of Senior Notes
ATLANTA (dpa-AFX) - The Southern Company (SO), electric power distribution
company, on Monday announced a private offering of $1.1 billion in convertible
senior notes due June 15, 2027.
In addition, the company expects to grant the initial purchasers of the
convertible notes an option to purchase up to an additional $200 million of
notes.
Southern Company intends to use the net proceeds from this offering to pay down
debts and for general corporate purposes.
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