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Alabama Power intends to price offering of notes via four bookrunners
By Devika Patel
Knoxville, Tenn., Feb. 27 – Alabama Power Co. plans to price series 2017A senior notes, according to a 424B5 filed with the Securities and Exchange Commission.
The notes feature a make-whole call and then a par call.
BNP Paribas Securities Corp., Citigroup Global Markets Inc., Mizuho Securities USA Inc. and MUFG are the bookrunners.
Proceeds will be used to repay all or a portion of the company’s short-term debt and for general corporate purposes.
The electric subsidiary of Southern Co. is based in Birmingham, Ala.
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