Southern Company Series 2017B 5.25% Jr Subordinated Notes due December 1, 2077
By: Tim McPartland,
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
