Hunton Advises on Georgia Power Company’s $1.6 Billion Senior Notes Offerings
Hunton Andrews Kurth LLP advised the underwriters on SEC-registered offerings by Georgia Power Company (“Georgia Power”) of $400 million aggregate principal amount of Series 2025A Floating Rate Senior Notes due September 15, 2026, $500 million aggregate principal amount of Series 2025B 4.85% Senior Notes due March 15, 2031 and $700 million aggregate principal amount of Series 2025C 5.20% Senior Notes due March 15, 2035. The net proceeds of the Series 2025A, 2025B and 2025C Senior Notes will be used to repay all or a portion of the Company’s outstanding commercial paper borrowings which aggregated approximately $303 million as of February 21, 2025. Any remaining net proceeds will be used for other general corporate purposes, including the Georgia Power’s continued construction program.
Georgia Power is engaged in the generation, transmission, distribution, and purchase of electricity and the sale of electric service within the State of Georgia, at retail in over 530 cities and towns (including Athens, Atlanta, Augusta, Columbus, Macon, Rome and Savannah), as well as in rural areas and at wholesale. Georgia Power also markets and sells outdoor lighting services and other customer-focused utility services.
The Hunton team included Peter K. O’Brien, Steven C. Friend, Patrick C. Jamieson, Michelle G. Chan, Monika M. Dziewa and Gabrielle Kraushaar. Robert McNamara, William Freeman, Caitlin Scipioni and Katherine Gallagher provided tax advice.
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