Southern Company (SO) announced an offering of $1.25B in aggregate principal amount of its convertible senior notes due June 15, 2028 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SO:
- Hold Rating Maintained for Southern Co Amid Regulatory and Financial Uncertainties
- Georgia Power Reaches Settlement on Rate Plan Extension
- Southern Company downgraded to Underweight from Sector Weight at KeyBanc
- Southern Co’s Growth Potential Bolstered by Regulatory Certainty and Strategic Energy Expansion
- Southern Company price target raised to $99 from $95 at Wells Fargo