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Southern Company Plans $1.75 Billion Stated-Amount Equity Units Offering

Each unit will have a stated amount of $50. The company also plans to repurchase notes.

Two blank financial certificates overlap on a terracotta surface / TokenPost.ai
Two blank financial certificates overlap on a terracotta surface / TokenPost.ai

Southern Company plans to issue 35 million equity units in a public offering with an aggregate stated amount of $1.75 billion and also plans to repurchase notes.

Each unit will have a stated amount of $50, bringing the aggregate stated amount to $1.75 billion. The company announced the plans Thursday, Nov. 12.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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