Company: SOJE
Filing Date: 2025-05-27
Form Type: 8-K
Source: 0000092122-25-000060
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Company: SOUTHERN CO
Filing Date: 2025-05-27
Form: 8-K
Item: Item 2.03
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Item 2.03.      Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.  

On May 23, 2025, The Southern Company (the “ Company”) issued $1,650,000,000 aggregate principal amount of its Series 2025A 3.25% Convertible Senior Notes due June 15, 2028 (the “ Series 2025A Convertible Senior Notes”) pursuant to the Senior Note Indenture (the “ Senior Note Indenture”) dated as of January 1, 2007, as supplemented and amended, including by a Thirty-Fourth Supplemental Indenture (the “ Thirty-Fourth Supplemental Indenture”) dated as of May 23, 2025 (the Senior Note Indenture, as so supplemented and amended, the “ Indenture”), between the Company and Computershare Trust Company, N. A., as successor trustee (the “ Trustee”). The Series 2025A Convertible Senior Notes were sold under a Purchase Agreement (the “ Purchase Agreement”) dated May 20, 2025 among the Company and the initial purchasers (the “ Initial Purchasers”) party thereto. The $1,650,000,000 aggregate principal amount of Series 2025A Convertible Senior Notes issued included $200,000,000 aggregate principal amount of Series 2025A Convertible Senior Notes issued upon the exercise by the Initial Purchasers of their over-allotment option.

Interest on the Series 2025A Convertible Senior Notes is payable semiannually in arrears on the 15th day of June and December of each year, beginning December 15, 2025. The Series 2025A Convertible Senior Notes will mature on June 15, 2028, unless earlier converted or repurchased. The Series 2025A Convertible Senior Notes are direct, unsecured and unsubordinated obligations of the Company, ranking equally with all of the Company’s other unsecured and unsubordinated indebtedness from time to time outstanding and are effectively subordinated to all secured indebtedness of the Company. The Series 2025A Convertible Senior Notes are not redeemable at the option of the Company.