- 35 million equity units at $50 stated amount each.
- Underwriter option for 5 million additional units.
Southern Company will sell 35 million equity units at $50 each. Proceeds fund convertible note repurchases and debt repayment. BofA and Barclays lead the offering.
One free account opens every story complete, the live board, the 30-day calendar, a watchlist and breaking alerts on your phone. No card. The wire stays free to read.