Company: SOJE
Filing Date: 2025-11-04
Form Type: 424B2
Source: 0000092122-25-000092
Chunk: 37

Company: SOUTHERN CO
Filing Date: 2025-11-04
Form: 424B2
Chunk 37
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 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 general corporate purposes, including investments in the Company’s subsidiaries.

This Prospectus Supplement does not constitute a notice of redemption with respect to the Series 2020B Junior Subordinated Notes. Any such notice of redemption will only be delivered in accordance with the provisions of the indenture for the Series 2020B Junior Subordinated Notes.

What are the Existing Convertible Senior Notes repurchase transactions?

Contemporaneously with the pricing of the Equity Units in this offering, the Company entered into separate and privately negotiated transactions with a limited number of holders of the Existing Convertible Senior Notes to repurchase approximately $674.4 million aggregate principal amount of the Series 2023A Convertible Senior Notes and approximately $342.0 million aggregate principal amount of the Series 2024A Convertible Senior Notes on terms negotiated with each such holder (each, a “note repurchase”). The terms of each note repurchase transaction were individually negotiated with each such holder of the Existing Convertible Senior Notes and depended on several factors, including the market price of the Common Stock and the trading prices of the applicable Existing Convertible Senior Notes at the time of each such note repurchase. The Company may also repurchase outstanding Existing Convertible Senior Notes following completion of this offering. No assurance can be given as to how much, if any, of these Existing Convertible Senior Notes will be repurchased or the terms on which they will be repurchased.

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The Company expects that holders of the Existing Convertible Senior Notes that sell their Existing Convertible Senior Notes to the Company in any note repurchase transaction may enter into or unwind various derivatives with respect to the Common Stock and/or purchase or sell shares of the Common Stock in the market to hedge their exposure in connection with these transactions. In particular, the Company expects that many holders of the Existing Convertible Senior