Company: SOJE
Filing Date: 2025-11-03
Form Type: 424B5
Source: 0000092122-25-000088
Chunk: 27

Company: SOUTHERN CO
Filing Date: 2025-11-03
Form: 424B5
Chunk 27
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 accrued and unpaid contract adjustment payments to the holder of the purchase contract as of such record date. See “Description of the Purchase Contracts—Early Settlement Upon a Fundamental Change.”

If the purchase contracts are terminated as a result of a termination event, you will not have any right to receive accrued and unpaid contract adjustment payments (including any deferred contract adjustment payments and compounded contract adjustment payments thereon). See “Description of the Purchase Contracts—Termination.”

What interest payments will I receive on the RSNs or on the undivided beneficial ownership interests in the RSNs?

The Series 2025B RSNs will bear interest at the rate of % per year and the Series 2025C RSNs will bear interest at the rate of % per year, in each case from the original issuance date to the purchase contract settlement date or, if earlier, the optional remarketing settlement date, payable quarterly in arrears on March 15, June 15, September 15 and December 15 of each year, commencing on March 15, 2026 (except that if any such date is not a business day, interest will be payable on the following business day, without adjustment for such delay). On and after the purchase contract settlement date or, if earlier, the optional remarketing settlement date, interest on each RSN will be payable at the relevant reset rate or based on the applicable reset spread (each as defined under “When will the interest rate on the RSNs be reset and what is the reset rate or reset spread?” below), or, if the interest rates have not been reset, at the initial interest rate of % per year for the Series 2025B RSNs and at the initial interest rate of % per year for the Series 2025C RSNs. If a remarketing is successful, interest on the RSNs thereafter will be payable semi-annually (except with respect to any series of RSNs that is remarketed as floating-rate notes). See “What is a remarketing?” above.

When will the interest rate on the RSNs be reset and what is the reset rate or reset spread?

The interest rate on each series of RSNs may be reset in connection with a successful remarketing as described above under “What is an optional remarketing?” and “What is a final remarketing?”. In connection with the remarketing, the Company may elect to remarket each series of RSNs as fixed-rate notes or floating-rate notes. The “