Southern Co. publicly offers series 2023B, 2023C senior notes

Chicago, May 15 – Southern Co. is publicly offering concurrent, but separate, offerings for 2023B and 2023C senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

Each note will come with a make-whole call option and a par call option a number of months before their respective maturity dates.

Barclays, BofA Securities, Inc., MUFG Securities Americas Inc., RBC Capital Markets, LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC are listed as joint bookrunners on both notes.

Computershare Trust Co., NA will be the trustee.

Troutman Pepper Hamilton Sanders LLP is advising the issuer, and Hunton Andrews Kurth LLP is working as counsel for the underwriters.

Proceeds will be used to repay debt, including commercial paper borrowings currently at $500 million and the company’s $1.25 billion 2.95% senior notes due July 1, 2023. Any remaining proceeds will be used for general corporate purposes, including potential investment by the company in its subsidiaries.

Southern Co. is an Atlanta-based energy provider.

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