# SOUTHERN CO (SOMN) — capital_raise [pending]
Source: SEC API (secapi.ai) · situation sit_73589b7900ce61229876 · retrieved 2026-08-11T15:54:34.281Z

## Overview
The Southern Company is an electric utility holding company that generates, transmits and distributes electricity to millions of customers across the southeastern United States.

The Southern Company issued $833.75 million aggregate principal amount of Series 2026A 2.125% Convertible Senior Notes due December 15, 2027, and $1.8975 billion aggregate principal amount of Series 2026B 3.50% Convertible Senior Notes due September 15, 2029, for a total of $2.731 billion in convertible debt. The Series 2026A Notes have an initial conversion rate of 9.5641 shares of Common Stock per $1,000 principal amount (equivalent to an initial conversion price of approximately $104.56 per share), while the Series 2026B Notes have an initial conversion rate of 8.4389 shares of Common Stock per $1,000 principal amount (equivalent to an initial conversion price of approximately $118.50 per share). Both series were issued pursuant to purchase agreements dated August 3, 2026, with initial purchasers including Goldman Sachs & Co. LLC, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, and Wells Fargo Securities, LLC. The notes include over-allotment options exercised by the initial purchasers for $108.75 million of Series 2026A Notes and $247.5 million of Series 2026B Notes.

## Terms
- Consideration: cash

## Key dates
- Announced 2026-08-04 · Expected close 2026-08-06

## Timeline
- 2026-08-04 · 8-K (0000092122-26-000060): 8-K - SOUTHERN CO — *The Southern Company is a leading energy provider serving 9 million customers across the Southeast and beyond through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a distributed energy distribution company, a fiber optics network, and telecommunications services.* The Southern Company announced the pricing of $725 million aggregate principal amount of Series 2026A 2.125% Convertible Senior Notes due December 15, 2027, and $1.65 billion aggregate principal amount of Series 2026B 3.50% Convertible Senior Notes due September 15, 2029, in private placements to qualified institutional buyers. The offerings represent upsizes of $75 million and $150 million, respectively, over previously announced sizes. The Company granted initial purchasers options to purchase up to an additional $108.75 million of Series 2026A Convertible Notes and $247.5 million of Series 2026B Convertible Notes within 13 days of issuance. Contemporaneously, Southern Company entered into privately negotiated transactions to repurchase approximately $369 million aggregate principal amount of its Series 2024A 4.50% Convertible Senior Notes due June 15, 2027. The offerings are expected to close on August 6, 2026.
  https://www.sec.gov/Archives/edgar/data/92122/0000092122-26-000060.txt
- 2026-08-06 · 8-K (0000092122-26-000063): 8-K - SOUTHERN CO — *The Southern Company is an electric utility holding company that generates, transmits and distributes electricity to millions of customers across the southeastern United States.* The Southern Company issued $833.75 million aggregate principal amount of Series 2026A 2.125% Convertible Senior Notes due December 15, 2027, and $1.8975 billion aggregate principal amount of Series 2026B 3.50% Convertible Senior Notes due September 15, 2029, for a total of $2.731 billion in convertible debt. The Series 2026A Notes have an initial conversion rate of 9.5641 shares of Common Stock per $1,000 principal amount (equivalent to an initial conversion price of approximately $104.56 per share), while the Series 2026B Notes have an initial conversion rate of 8.4389 shares of Common Stock per $1,000 principal amount (equivalent to an initial conversion price of approximately $118.50 per share). Both series were issued pursuant to purchase agreements dated August 3, 2026, with initial purchasers including Goldman Sachs & Co. LLC, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, and Wells Fargo Securities, LLC. The notes include over-allotment options exercised by the initial purchasers for $108.75 million of Series 2026A Notes and $247.5 million of Series 2026B Notes.
  https://www.sec.gov/Archives/edgar/data/92122/0000092122-26-000063.txt

## Citations
- 0000092122-26-000060 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000009212226000060
- 0000092122-26-000063 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000009212226000063