Alabama Power Company’s $600 Million Notes Offering

Hunton Andrews Kurth advised the underwriters on the deal.

Alabama Power Company (Alabama Power) announced its offering of $600 million aggregate principal amount of Series 2021A 3.125% Senior Notes due July 15, 2051.

Alabama Power is a wholly owned subsidiary of The Southern Company. Alabama Power is engaged in the generation, transmission, distribution, and purchase of electricity and the sale of electric service within the State of Alabama, at retail in approximately 400 cities and towns (including Anniston, Birmingham, Gadsden, Mobile, Montgomery, and Tuscaloosa), as well as in rural areas, and at wholesale to 11 municipally-owned electric distribution systems.

The underwriters are: Barclays Capital Inc., BofA Securities, Inc., .J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, PNC Capital Markets LLC, Regions Securities LLC, BBVA Securities Inc., FHN Financial Securities Corp., Synovus Securities, Inc., C.L. King & Associates, Inc., MFR Securities, Inc., Mischler Financial Group, Inc. and Samuel A. Ramirez & Company, Inc.

The Hunton Andrews Kurth team included Peter K. O’Brien (Picture), Steven Friend, Patrick Jamieson and Michelle Chan. Robert McNamara and Tim Strother provided tax advice.

Involved fees earner: Michelle Chan – Hunton Andrews Kurth LLP; Steven Friend – Hunton Andrews Kurth LLP; Patrick Jamieson – Hunton Andrews Kurth LLP; Robert McNamara – Hunton Andrews Kurth LLP; Peter O’Brien – Hunton Andrews Kurth LLP; Tim Strother – Hunton Andrews Kurth LLP;

Law Firms: Hunton Andrews Kurth LLP;

Clients: Bank of America Securities; Barclays Capital ; BBVA Securities Inc.; C.L. King & Associates; FHN Financial Securities Corp.; J.P. Morgan Securities LLC; MFR Securities, Inc.; Mischler Financial Group; Morgan Stanley; PNC Capital Markets LLC; Regions Securities LLC; Samuel A. Ramirez & Co.; Synovus Securities, Inc.;

Author: Martina Bellini