Southern Company announced the pricing of its $1.75 billion 2026 Series A Equity Units offering, which includes contracts for future stock purchases and interests in remarketable senior notes due 2031 and 2034. The offering, expected to close on November 17, 2026, will provide net proceeds estimated at $1.724 billion, potentially rising to $1.97 billion if over-allotments are exercised. Southern Company plans to use about $135.3 million of the proceeds to repurchase $125.8 million of its 4.50% Convertible Senior Notes due 2027 and the remainder for repaying short-term debt and general corporate purposes. This move aims to optimize the company's capital structure while providing investors with a fixed annual distribution of 8.625%.
Following Southern Company's announcement of its equity units pricing, the stock is trading at USD 92.41 on Pluang as of Nov 13, 2026 07:41 WIB, down 1.52% for the day. The company holds a market cap of $109.25 billion and offers a dividend yield of 3.24%. Investors typically hold the stock for about 25 days on the platform.
Southern Company announced a public offering of 35 million equity units valued at $1.75 billion, with an option for an additional 5 million units. Proceeds will be used to repurchase some of its 2024A convertible senior notes due in 2027, repay short...
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