Company: SOJE
Filing Date: 2025-11-03
Form Type: 424B5
Source: 0000092122-25-000088
Chunk: 36

Company: SOUTHERN CO
Filing Date: 2025-11-03
Form: 424B5
Chunk 36
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 Convertible Senior Notes”) and (ii) $ aggregate principal amount of the Company’s Series 2024A 4.50% Convertible Senior Notes due June 15, 2027 (the “Series 2024A Convertible Senior Notes” and, together with the Series 2023A Convertible Senior Notes, the “Existing Convertible Senior Notes”), in each case through privately negotiated transactions with a limited number of holders of the Existing Convertible Senior Notes. The final amounts of the outstanding Existing Convertible Senior Notes to be repurchased and the terms thereof are being individually negotiated and will depend on, among other things, the market price of the Common Stock and the trading prices of the applicable Existing Convertible Senior Notes at the time of repurchase. As of September 30, 2025, the outstanding aggregate principal amount of the Series 2023A Convertible Senior Notes was approximately $943.4 million and the outstanding aggregate principal amount of the Series 2024A Convertible Senior Notes was approximately $1,171.9 million.

The Company may also repurchase outstanding Existing Convertible Senior Notes following completion of this offering. Any repurchases of the Existing Convertible Senior Notes could affect the market price of the Common Stock, and the reference price of the stock purchase contract component of the Equity Units and accordingly the market price of the Equity Units being offered hereby, particularly in the case of repurchases effected concurrently with this offering. See “Use of Proceeds” and “Risk Factors—Risks Relating to the Equity Units—Repurchases of the Existing Convertible Senior Notes, and related transactions that will happen concurrently with, or shortly after, the pricing of the Equity Units, are likely to affect the value of the Equity Units and the Common Stock.”

The Company intends to use the remaining net proceeds from this offering (i) to repay all or a portion of the Company’s short-term indebtedness, which aggregated $407 million as of October 31, 2025, (ii) to repay at maturity all or a portion of the remaining outstanding Series 2023A Convertible Senior Notes and (iii) to satisfy all or a portion of the redemption price in connection with the proposed redemption at par of the $1.25 billion aggregate principal amount of the Company’s Series 2020B 4.00% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due January 15, 2051 (the “Series 2020B Junior Subordinated Notes”). Any remaining net proceeds will be used for