Southern Company announces public offering of common stock - WDAM-TV 7-News, Weather, Sports-Hattiesburg, MS

Southern Company announces public offering of common stock

Photo credit: Southern Company Photo credit: Southern Company
ATLANTA,GA -

This is a news release from Southern Company

Southern Company (NYSE: SO) today announced that it has commenced an underwritten public offering of 32.5 million shares of its common stock, through which it expects to raise gross proceeds of approximately $1.6 billion. Barclays, Goldman, Sachs & Co., Morgan Stanley and Wells Fargo Securities are acting as joint book-running managers of this offering. The net proceeds from the offering will be used to fund a portion of the purchase price for the pending purchase of a 50% equity interest in Southern Natural Gas and for other general corporate purposes, which may include the investment by the company in its subsidiaries, including Southern Power. The offering is expected to close on August 19, subject to customary closing conditions.

The company has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the "SEC") for this offering. Before investing, interested parties should read the prospectus in that registration statement and other documents the company has filed with the SEC for more complete information about the company and this offering. You may get these documents for free by visiting EDGAR on the SEC's website at www.sec.gov. Alternatively, the underwriters will arrange to send you the prospectus if you request it by contacting Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by email at barclaysprospectus@broadridge.com or by telephone at (888) 603-5847; Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, New York 10282, by telephone at (866) 471-2526, by facsimile at (212) 902-9316 or by email at prospectus-ny@ny.email.gs.com; Morgan Stanley, Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; or Wells Fargo Securities, Equity Syndicate Department, 375 Park Avenue, New York, New York 10152, by telephone at (800) 326-5897 or by email at cmclientsupport@wellsfargo.com.

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of, or any solicitation of an offer to buy, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Southern Company has 44,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million electric and gas utility customers through its subsidiaries. Southern Company owns electric utilities in four states, natural gas distribution utilities in seven states, a competitive generation company serving geographically diverse wholesale customers and a provider of customized energy solutions, as well as fiber optics and wireless communications.

  • Local NewsLOCALMore>>

  • Hattiesburg pastor reacts to passing of Billy Graham

    Hattiesburg pastor reacts to passing of Billy Graham

    Thursday, February 22 2018 12:03 AM EST2018-02-22 05:03:54 GMT
    Pastor Jeff Clark of Hattiesburg's Venture Church. Photo credit WDAM.Pastor Jeff Clark of Hattiesburg's Venture Church. Photo credit WDAM.

    A Hub City minister is reacting to the death of the Rev. Billy Graham, the most widely-heard Christian evangelist in history.   He died Wednesday morning at his home in Montreat, North Carolina at the age of 99.  Pastor Jeff Clark of Hattiesburg's Venture Church said Graham was a humble man of integrity who would be missed. "Billy Graham is who all of us wanted to be like," said Clark, who once saw Graham in person while he was a seminary student in Dallas ...

    More >>

    A Hub City minister is reacting to the death of the Rev. Billy Graham, the most widely-heard Christian evangelist in history.   He died Wednesday morning at his home in Montreat, North Carolina at the age of 99.  Pastor Jeff Clark of Hattiesburg's Venture Church said Graham was a humble man of integrity who would be missed. "Billy Graham is who all of us wanted to be like," said Clark, who once saw Graham in person while he was a seminary student in Dallas ...

    More >>
  • New film documents life of civil rights pioneer Clyde Kennard

    New film documents life of civil rights pioneer Clyde Kennard

    Wednesday, February 21 2018 11:45 PM EST2018-02-22 04:45:47 GMT
    A new documentary about Clyde Kennard called, "Measure of Progress: The Clyde Kennard Story," premiered at the Lake Terrace Convention Center Wednesday night. Photo credit WDAM.A new documentary about Clyde Kennard called, "Measure of Progress: The Clyde Kennard Story," premiered at the Lake Terrace Convention Center Wednesday night. Photo credit WDAM.

    A new documentary about Hattiesburg civil rights pioneer Clyde Kennard premiered at the Lake Terrance Convention Center Wednesday night.   "Measure of Progress: The Clyde Kennard Story" documents Kennard's attempts at enrolling at the University of Southern Mississippi in the 1950's when it was a segregated Mississippi Southern College. He was turned down several times and ultimately was sent to prison on trumped up charges.  He died of cancer after be...

    More >>

    A new documentary about Hattiesburg civil rights pioneer Clyde Kennard premiered at the Lake Terrance Convention Center Wednesday night.   "Measure of Progress: The Clyde Kennard Story" documents Kennard's attempts at enrolling at the University of Southern Mississippi in the 1950's when it was a segregated Mississippi Southern College. He was turned down several times and ultimately was sent to prison on trumped up charges.  He died of cancer after be...

    More >>
  • Laurel to undergo $5 million water and sewer project

    Laurel to undergo $5 million water and sewer project

    Wednesday, February 21 2018 10:12 PM EST2018-02-22 03:12:32 GMT
    The City of Laurel is planning a $5 million water and sewer project to improve aging infrastructure. (Photo source: WDAM)The City of Laurel is planning a $5 million water and sewer project to improve aging infrastructure. (Photo source: WDAM)

    The City of Laurel undergoing a $5 million water and sewer project. WDAM looked at what's happening. Mayor Johnny Magee said, "The problem is Laurel is over 100 years old and the water and sewer lines are about the same age." Caving in and sprouting leaks, Mayor Johnny Magee said it's time for an infrastructure revamp in the city.  Magee said, "We are going to redo the water and sewer lines all the way from the flagpole on Central Avenue about two and a half mil...

    More >>

    The City of Laurel undergoing a $5 million water and sewer project. WDAM looked at what's happening. Mayor Johnny Magee said, "The problem is Laurel is over 100 years old and the water and sewer lines are about the same age." Caving in and sprouting leaks, Mayor Johnny Magee said it's time for an infrastructure revamp in the city.  Magee said, "We are going to redo the water and sewer lines all the way from the flagpole on Central Avenue about two and a half mil...

    More >>
Powered by Frankly