Deals 04/01/2020

Loop Capital Markets acted as co-manager on a $1 billion senior unsecured bond offering for Southern Co.

On April 01, 2020, Loop Capital Markets acted as a co-manager on a single-tranche, 10-year, $1 billion, senior unsecured bond offering for Southern Co. The notes are rated Baa2/BBB+.

Use of proceeds of the offering are earmarked to repay short-term debt, including commercial paper and outstanding credit facility borrowings and to retire the 2.75% senior notes due June 15, 2020.