Company: SOJE
Filing Date: 2025-11-04
Form Type: 424B2
Source: 0000092122-25-000092
Chunk: 52

Company: SOUTHERN CO
Filing Date: 2025-11-04
Form: 424B2
Chunk 52
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 purchase contract prior to the purchase contract settlement date unless a registration statement under the Securities Act is in effect and a prospectus is available covering the shares of common stock and other securities, if any, deliverable upon early settlement of a purchase contract.

The early settlement rights under the purchase contracts are subject to the condition that, if required under the United States federal securities laws, the Company has a registration statement under the Securities Act in effect on the applicable early settlement date. If such registration statement is so required, the Company has agreed to use the Company’s commercially reasonable efforts to have a registration statement in effect on the applicable early settlement date and have an available prospectus in connection therewith covering the shares of common stock and other securities, if any, deliverable upon settlement of the purchase contract, subject to certain exceptions. In the event that a holder seeks to exercise its early settlement right and a registration statement is required to be effective in connection with the exercise of such right but no such registration

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statement is then effective, the holder’s exercise of such right will be void unless and until such a registration statement is effective.

The Senior Note Indenture does not limit the Company’s indebtedness, restrict dividends or generally restrict highly leveraged transactions; there are no financial covenants in the Senior Note Indenture.

Neither the Company nor any of the Company’s subsidiaries are restricted from incurring additional debt or other liabilities under the Senior Note Indenture. As of September 30, 2025, the Company, and the Company’s subsidiaries, had total consolidated indebtedness of $72.7 billion principal amount. If the Company incurs additional debt or liabilities, the Company’s ability to pay the Company’s obligations on the RSNs could be adversely affected. The Company expects that it and its subsidiaries will from time to time incur additional debt and other liabilities. In addition, the Company is not restricted under the Senior Note Indenture from paying dividends or issuing or repurchasing the Company’s securities.

There are no financial covenants in the Senior Note Indenture. Except for the covenants described under “Description of the Remarketable Senior Notes—Consolidation, Merger or Sale,” there are no covenants or any other provisions in the Senior Note Indenture which may afford you protection in the event of a highly leveraged transaction including one that may or may not result in a change of control of the Company.

The contract adjustment payments are subordinated to the