Hunton Advises Underwriters on The Southern Company’s $1.8 Billion Notes Offering

Time 2 Minute Read
February 28, 2025
News

Hunton Andrews Kurth LLP advised the underwriters in the sale of $1.8 billion aggregate principal amount of its Series 2025B 6.375% Fixed-to-Fixed Reset Rate Junior Subordinated Notes, due March 15, 2055.

The Southern Company is the parent company of three traditional electric operating companies, Southern Power Company and Southern Company Gas. The traditional electric operating companies — Alabama Power Company, Georgia Power Company and Mississippi Power Company — are each operating public utility companies providing electric services to retail customers in three Southeastern states of the United States in addition to wholesale customers in the Southeast. Southern Power Company develops, constructs, acquires, owns, operates and manages power generation assets, including renewable energy projects, and sells electricity at market-based rates in the wholesale market. Southern Company Gas is an energy services holding company whose primary business is the distribution of natural gas in four states – Illinois, Georgia, Virginia and Tennessee – through the natural gas distribution utilities. Southern Company Gas is also involved in several other businesses that are complementary to the distribution of natural gas.

The Hunton team included Peter K. O’BrienSteven 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.

Related Insights

Jump to Page