BB&T Serves as an Underwriter for Southern Company’s $800 Million Offering of 5.25% Junior Subordinated Notes due 2076
On September 12, 2016, BB&T Capital Markets served as an underwriter for a $800 million offering of 5.25% junior subordinated notes due 2076 by Southern Company.
Proceeds from offering will be used to repay short-term indebtedness that was incurred to fund the maturity of the Company’s $500 million aggregate principal amount of Series 2011A 1.95% Senior Notes due September 1, 2016 and for other general corporate purposes.
About the Companies
The Southern Company, together with its subsidiaries, engages in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources. The company also constructs, acquires, owns, and manages generation assets, including renewable energy projects.
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.