trending Market Intelligence /marketintelligence/en/news-insights/trending/XAeWDfRfqMOIqDuNg492pg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Southern Co. sells $1B in junior subordinated notes

Case Study: A Utility Company Efficiently Sharpens Its Focus on the Credit Risk of New Customers

Energy Evolution Podcast

Energy Evolution Why solar energy could get even cheaper

Energy Evolution Podcast

US energy officials push innovation to meet evolving energy needs

Energy Evolution Podcast

Energy futurist sees major challenges for renewables in next 30 years


Southern Co. sells $1B in junior subordinated notes

Southern Co. sold $1 billion of series 2020A 4.95% junior subordinated notes due Jan. 30, 2080.

Interest on the notes is payable in arrears on every 30th of January, April, July and October of each year, starting April 30. The issue is expected to be rated Baa3 by Moody's, BBB by S&P Global Ratings and BBB- by Fitch Ratings.

The company plans to use net proceeds to repay all or a portion of its outstanding short-term indebtedness, which aggregated approximately $466 million as of Jan. 3, and for general corporate purposes.

BofA Securities Inc., Morgan Stanley & Co. LLC, Wells Fargo Securities LLC, J.P. Morgan Securities LLC and RBC Capital Markets LLC acted as joint book-running managers. PNC Capital Markets LLC, Scotia Capital (USA) Inc., SunTrust Robinson Humphrey Inc. and U.S. Bancorp Investments Inc. acted as senior co-managers. Loop Capital Markets LLC and Samuel A. Ramirez & Co. Inc. acted as co-managers.