Southern Company Series 2015A 6.25% Junior Subordinated Notes Due October 15, 2075
By: Tim McPartland,
Date Issued 10/01/2015
Shares Issued 35,000,000 Overallotment Shares 5,000,000
S&P Rating BBB Moodys Rating Baa2
Security Ticker Symbol SOJA
Market Traded ON NYSE
Interest Payment Paid on the 15th of January, April, July and October beginning on 01/15/2016
Quarterly Interest .391 Annual Interest 1.563
Securities may be redeemed, at the issuers option, as early as 10/15/2020 for a redemption price of $25/share plus accrued interest
Interest Payment Will NOT be Qualified Distributions (it is interest-not a dividend)
NOTE–this issue allows issuer to defer interest payments for up to 40 consecutive quarters without it being a default event.
Maturity Date 10/15/2075
Company Investor Relations Page for Southern Company
Below you can find the offering prospectus and final pricing documents