BB&T Capital Markets Serves as Co-Manager for Southern Power Company’s Two-Tranche Senior Notes Offering
On November 12, 2015, BB&T Capital Markets served as a co-manager for a two-tranche offering of senior notes by Southern Power Company, a subsidiary of The Southern Company. The offering consisted of $500 million of 1.85% Series 2015D senior notes due 2017 and $500 million of 4.15% Series 2015C senior notes due 2025. The net proceeds from the sale of the Series 2015D notes will be used by the company to fund renewable energy generation projects.
About the Companies
The Southern Company, through subsidiaries, generates, wholesales, and retails electricity in the southeastern United States. The company also offers wireless telecommunications services and provides businesses with two-way radio, telephone, paging, and Internet access services. The Southern Company is headquartered in Atlanta, Georgia.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.