8-KOther EventsExhibits & Filings

SOUTHERN CO 8-K Report, Corporate Update (Sep 17, 2010)

Filed September 17, 2010For Securities:SOSOJESOJFSOJCSOJDSOMN

Summary

Southern Company (SO) has filed an 8-K report detailing a significant financing event. On September 13, 2010, the company entered into an Underwriting Agreement to issue and sell $400 million in aggregate principal amount of Series 2010A 2.375% Senior Notes due September 15, 2015. This issuance was conducted under an existing shelf registration statement, indicating that the company had previously made preparations for such a capital raise. The primary purpose of this filing is to inform investors about the terms and execution of this debt offering.

Key Highlights

  • 1Southern Company issued $400 million in Senior Notes.
  • 2The notes carry a 2.375% interest rate.
  • 3The Senior Notes mature on September 15, 2015.
  • 4The issuance was facilitated by an Underwriting Agreement with several underwriters, including Citigroup Global Markets Inc., Deutsche Bank Securities Inc., and J.P. Morgan Securities LLC.
  • 5The notes were registered under the Securities Act of 1933 via an existing shelf registration statement.
  • 6The filing includes the Underwriting Agreement, the Sixth Supplemental Indenture, the form of Senior Note, an opinion of counsel, and a computation of the ratio of earnings to fixed charges.

Frequently Asked Questions

The main purpose of this 8-K filing was to announce and provide details regarding Southern Company's issuance and sale of $400 million in Senior Notes.

The Senior Notes have an aggregate principal amount of $400 million, a fixed interest rate of 2.375%, and mature on September 15, 2015.

Southern Company conducted the offering through an Underwriting Agreement with a syndicate of underwriters, including Citigroup Global Markets Inc., Deutsche Bank Securities Inc., and J.P. Morgan Securities LLC. The issuance was made under a previously filed shelf registration statement.

The exhibits include the Underwriting Agreement, the Sixth Supplemental Indenture, the form of the Senior Note, an opinion from Troutman Sanders LLP regarding the notes, and a computation of the ratio of earnings to fixed charges.