Southern Co Files 8-K: Subordinated Notes Detailed

TL;DR

Southern Co filed an 8-K, mostly boilerplate, but check out their long-term debt maturities and rates.

AI Summary

On May 6, 2024, The Southern Company filed an 8-K report to disclose "Other Events" and "Financial Statements and Exhibits." The filing indicates no significant changes to the company's structure or operations, but it does list various subordinated notes due in 2077, 2080, 2060, and 2081, with interest rates ranging from 1.875% to 5.25%.

Why It Matters

This filing provides an update on The Southern Company's outstanding subordinated debt, which is relevant for investors assessing the company's capital structure and long-term financial obligations.

Risk Assessment

Risk Level: low — The filing is routine and does not report any new material events, financial distress, or significant strategic changes.

Key Numbers

• 2077 — Maturity Year (Series 2017 B Junior Subordinated Notes)
• 2080 — Maturity Year (Series 2020 A Junior Subordinated Notes)
• 2060 — Maturity Year (Series 2020 C Junior Subordinated Notes)
• 2081 — Maturity Year (Series 2021 B Junior Subordinated Notes)

Key Players & Entities

• The Southern Company (company) — Registrant
• May 6, 2024 (date) — Date of earliest event reported
• 5.25% (dollar_amount) — Interest rate on Series 2017 B Junior Subordinated Notes
• 4.95% (dollar_amount) — Interest rate on Series 2020 A Junior Subordinated Notes
• 4.20% (dollar_amount) — Interest rate on Series 2020 C Junior Subordinated Notes
• 1.875% (dollar_amount) — Interest rate on Series 2021 B Junior Subordinated Notes

FAQ

Key Financial Figures

• $5 — outhern Company Common Stock, par value $5 per share SO New York Stock Exchange T
• $1.3 billion — he upsize and pricing of an offering of $1.3 billion aggregate principal amount of its Serie
• $200 million — 33, as amended, reflecting an upsize of $200 million over the previously announced offering

Filing Documents

• so-20240506.htm (8-K) — 36KB
• ex99-1southern2024aconvert.htm (EX-99.1) — 12KB
• 0000092122-24-000057.txt ( ) — 236KB
• so-20240506.xsd (EX-101.SCH) — 4KB
• so-20240506_def.xml (EX-101.DEF) — 17KB
• so-20240506_lab.xml (EX-101.LAB) — 32KB
• so-20240506_pre.xml (EX-101.PRE) — 18KB
• so-20240506_htm.xml (XML) — 6KB

01. Other Events

Item 8.01. Other Events . On May 6, 2024, The Southern Company (the "Company") issued a press release announcing the upsize and pricing of an offering of $1.3 billion aggregate principal amount of its Series 2024A 4.50% Convertible Senior Notes due June 15, 2027 (the "Convertible Notes") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, reflecting an upsize of $200 million over the previously announced offering size. In addition, the Company granted the initial purchasers an option to purchase, for settlement within a period of 13 days from, and including, the date the Convertible Notes are first issued, up to an additional $200 million aggregate principal amount of Convertible Notes. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. 99.1 Press Release issued by the Company on May 6 , 2024 announcing the pricing of the Convertible Notes . 104 Cover Page Interactive Data File – The cover page iXBRL tags are embedded within the inline XBRL document. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: May 7, 2024 THE SOUTHERN COMPANY By /s/Melissa K. Caen Melissa K. Caen Assistant Secretary 2

View Full Filing

View this 8-K filing on SEC EDGAR