Southern Company’s Tender Offer for Fixed Rate Notes and Floating Rate Notes

Hunton Andrews Kurth LLP acted as counsel to the dealer manager in connection with The Southern Company tender offers for the $1,000,000,000 outstanding principal amount of its 1.85% Senior Notes due July 1, 2019 (the “1.85% Notes”); the $350,000,000 outstanding principal amount of its Series 2014B 2.15% Senior Notes due September 1, 2019 (the “2.15% Notes” and, together with the 1.85% Notes, the “Fixed Rate Notes”); and the $750,000,000 outstanding principal amount of its Series 2018A Floating Rate Senior Notes due February 14, 2020 (the “Floating Rate Notes” and, together with the Fixed Rate Notes, the “Notes”).

Citigroup Global Markets Inc. acted as dealer manager on the offers.

Southern Company made the tender offers to retire all or a portion of the Notes prior to their maturity.

Southern Company is a leading energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries as of December 31, 2017. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers in 11 states across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications.

The Hunton Andrews Kurth team included Bud Ellis (Picture), Steven Friend, Patrick Jamieson and Michelle Chan. Cary Tolley and Kimberly Nolte provided tax advice.

Involved fees earner: Michelle Chan – Hunton Andrew Kurth; Bud Ellis – Hunton Andrew Kurth; Steven Friend – Hunton Andrew Kurth; Patrick Jamieson – Hunton Andrew Kurth; Cary Tolley – Hunton Andrew Kurth;

Law Firms: Hunton Andrew Kurth;

Clients: Citigroup Global Markets Ltd;

Avatar

Author: Ambrogio Visconti