Southern Company Announces Private Placements Of $650M Of Convertible Senior Notes Due 2027 And $1.5B Of Convertible Senior Notes Due 2029
Southern Company (NYSE:SO) today announced offerings of $650 million in aggregate principal amount of its convertible senior notes due December 15, 2027 (the "2027 Convertible Notes") and $1.5 billion in
Southern Company is borrowing $2.15 billion by selling special bonds that can turn into company stock later. This shows the company needs money for projects, and watching whether investors want these bonds tells us if people trust the company's future.
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