Southern Company Prices $1.75 Billion Equity-Unit Offering
Southern Company priced 35 million Series A equity units for $1.75 billion, at $50 per unit. Each unit includes a future stock purchase contract and partial ownership interests in senior notes due in 2031 and 2034.
ATLANTA (dpa-AFX) - On Friday, Southern Company (SO) priced an offering of 35 million Series A Equity Units worth a total of $1.75 billion. Each $50 unit includes a future stock purchase contract and partial ownership interests in two senior notes due in 2031 and 2034. The offering is expected to c…