Southern Company Series 2017B 5.25% Jr Subordinated Notes due December 1, 2077

By: ,

Date Issued   11/20/2017

Shares Issued   18,000,000      Overallotment Shares  None

S&P Rating  BBB     Moodys Rating   Baa3


Security Ticker Symbol   SOJC

Market Traded ON   NYSE

Interest Payment Paid on the 1st of March, June, September and December beginning on 03/1/2018

Quarterly Interest   .328   Annual Interest   1.3125

Securities may be redeemed, at the issuers option, as early as 12/1/2022 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   12/1/2077


Company Investor Relations Page for Southern Company

Click Here to find the offering prospectus and/or final pricing documents

Tim McPartland

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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