Company: SOJE
Filing Date: 2025-01-10
Form Type: 424B2
Source: 0000092122-25-000006
Chunk: 6

Company: SOUTHERN CO
Filing Date: 2025-01-10
Form: 424B2
Chunk 6
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 of up to 10 consecutive years. This may affect the market price of the Series 2025A Junior Subordinated Notes.

The Company may elect at its option to defer payment of all or part of the current and accrued interest otherwise due on the Series 2025A Junior Subordinated Notes for up to 40 consecutive quarterly periods, as described under “Description of the Series 2025A Junior Subordinated Notes—Option to Defer Interest Payments” in this Prospectus Supplement. At the end of an Optional Deferral Period, if all amounts due are paid, the Company could start a new Optional Deferral Period of up to 40 consecutive quarterly periods. During any Optional Deferral Period, interest on the Series 2025A Junior Subordinated Notes would be deferred but would accrue additional interest at a rate of 6.50% per year, compounded quarterly, to the extent permitted by applicable law. No Optional Deferral Period may extend beyond the maturity date or redemption date, if earlier, of the Series 2025A Junior Subordinated Notes. If the Company exercises this interest deferral right, the Series 2025A Junior Subordinated Notes may trade at a price that does not fully reflect the value of accrued but unpaid interest on the Series 2025A Junior Subordinated Notes or that is otherwise less than the price at which the Series 2025A Junior Subordinated Notes may have been traded if the Company had not exercised such right. In addition, as a result of the Company’s right to defer interest payments, the market price of the Series 2025A Junior Subordinated Notes may be more volatile than other securities that do not have these rights.

Holders of the Series 2025A Junior Subordinated Notes may have to pay taxes on interest before they receive payments from the Company.

If the Company defers interest payments on the Series 2025A Junior Subordinated Notes, a holder of the Series 2025A Junior Subordinated Notes will be required to accrue interest income for United States federal income tax purposes in respect of such holder’s proportionate share of the accrued but unpaid interest on the Series 2025A Junior Subordinated Notes, even if such holder normally reports income when received. As a result, a holder will be required to include the accrued interest in such holder’s gross income for United States federal income tax purposes before receiving payment of the interest. If a holder sells its Series 2025A Junior Subordinated Notes before the record date for the first interest payment after an Optional