Southern Company’s $450 Million Junior Subordinated Notes Offering

Hunton & Williams LLP advised the underwriters in the sale of $450,000,000 aggregate principal amount of Southern Company Series 2017B 5.25% Junior Subordinated Notes due December 1, 2077.

BofA Merrill Lynch, J.P. Morgan, Morgan Stanley, UBS Investment Bank and Wells Fargo Securities acted as Joint Book-Running Managers.

The Southern Company owns all the outstanding common stock of Alabama Power Company, Georgia Power Company, Gulf Power Company and Mississippi Power Company, each of which is an operating public utility company supplying electric service in the states of Alabama, Georgia, Florida and Mississippi, respectively. The Company owns all of the common stock of Southern Power Company, which is also an operating public utility company, which constructs, acquires, owns and manages generation assets, including renewable energy projects, and sells electricity at market-based rates in the wholesale market. In addition, the Company owns all of the common stock of Southern Company Gas, an energy services holding company.

The Hunton & Williams team included Bud Ellis (Picture), Steve Friend, Patrick Jamieson and Soyung Kang. Cary Tolley and Anna Page provided tax advice.

Involved fees earner: Bud Ellis – Hunton & Williams LLP; Steven Friend – Hunton & Williams LLP; Patrick Jamieson – Hunton & Williams LLP; Soyung Kang – Hunton & Williams LLP; Cary Tolley – Hunton & Williams LLP; Anna Knecht Page – Hunton & Williams LLP;

Law Firms: Hunton & Williams LLP;

Clients: Bank of America Merrill Lynch; JP Morgan; Morgan Stanley; UBS Investment Bank; Wells Fargo;


Author: Ambrogio Visconti