Southern Co issues USD 2.73 billion convertible senior notes in private placement

Reuters2026/08/06 15:29

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Southern issued USD 833.75 million of Series 2026A 2.125% Convertible Senior Notes due Dec. 15, 2027.
Sold USD 1.9 billion of Series 2026B 3.5% Convertible Senior Notes due Sept. 15, 2029.
Notes were sold in a private placement under purchase agreements dated Aug. 3, 2026 with initial purchasers.
Series 2026A initial conversion rate 9.5641 shares per USD 1,000, implying a conversion price of about USD 104.56.
Series 2026B initial conversion rate 8.4389 shares per USD 1,000, implying a conversion price of about USD 118.5.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000092122-26-000063), on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Southern Co issues USD 2.73 billion convertible senior notes in private placement

You may also like

Crypto prices