Company: SOJE
Filing Date: 2025-11-04
Form Type: 424B2
Source: 0000092122-25-000092
Chunk: 80

Company: SOUTHERN CO
Filing Date: 2025-11-04
Form: 424B2
Chunk 80
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• the other modifications to the terms of the RSNs, as described under “—Remarketing,” will become effective;

• after the optional remarketing settlement date, your Corporate Units will consist of a purchase contract and the applicable ownership interest in the Treasury portfolio (or cash), as described herein; and

• you may no longer create Treasury Units or recreate Corporate Units from Treasury Units.

If the Company does not elect to conduct an optional remarketing during an optional remarketing period or no optional remarketing succeeds for any reason, the RSNs will continue to be a component of the Corporate Units or will continue to be held separately and the remarketing agent will use its commercially reasonable efforts to remarket the RSNs during the final remarketing period.

For the purposes of a successful optional remarketing, “Treasury portfolio purchase price” means the lowest aggregate ask-side price quoted by a primary United States government securities dealer in New York City to the quotation agent selected by the Company between 9:00 a.m. and 4:00 p.m., New York City time, on the optional remarketing date for the purchase of the Treasury portfolio for settlement on the optional remarketing settlement date; provided that if the Treasury portfolio consists of cash, “Treasury portfolio purchase price” means the amount of such cash.

Following a successful optional remarketing and receipt of the proceeds, the collateral agent will purchase, at the Treasury portfolio purchase price, a Treasury portfolio consisting of:

• United States Treasury securities (or principal or interest strips thereof) that mature on or prior to the purchase contract settlement date in an aggregate amount at maturity equal to the principal amount of the Series 2025B RSNs underlying the undivided beneficial ownership interests in the Series 2025B RSNs included in the Corporate Units on the optional remarketing date;

• United States Treasury securities (or principal or interest strips thereof) that mature on or prior to the purchase contract settlement date in an aggregate amount at maturity equal to the principal amount of the Series 2025C RSNs underlying the undivided beneficial ownership interests in the Series 2025C RSNs included in the Corporate Units on the optional remarketing date;

• if the optional remarketing settlement date occurs prior to September 15, 2028, with respect to the originally-scheduled quarterly interest payment dates on the Series 2025B RSNs that would have occurred on September 15, 2028 and the purchase contract settlement date, U.S. Treasury securities (