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.