Deals 09/15/2020

Loop Capital Markets acts as co-manager on a $750 million junior subordinated bond offering for Southern Company

On September 15, 2020, Loop Capital Markets acted as a co-manager on a one-tranche, $750 million, junior subordinated bond offering for Southern Company. The 30 year junior subordinated bond is rated Baa1/A-.

Use of proceeds are earmarked for redeeming previous bonds and repaying a previous term loan. Any remaining net proceeds will be used for other general corporate purposes.