NYSE:SOElectric Utilities
The Bull Case For Southern (SO) Could Change Following Major Convertible Note Issuance And Stronger Earnings
In early August 2026, The Southern Company completed and announced multiple Rule 144A convertible senior unsecured note offerings, including US$725 million of step-up rate notes due December 15, 2027 and US$1.65 billion of 3.50% fixed-rate notes due September 15, 2029, alongside similarly structured proposed issues.
These capital raisings came shortly after Southern reported higher second-quarter and year-to-date revenue and net income, highlighting active balance sheet management alongside...