US EditionMirion Technologies Announces Pricing of Upsized $350.0 Million Offering of 0.25% Convertible Senior Notes Due 2030
- On May 20, 2025, Southern Company priced $1.45 billion of its privately offered convertible senior debt securities, featuring a 3.25% interest rate and maturing on June 15, 2028, in a placement from Atlanta.
- This offering was upsized by $200 million from the prior amount and followed by granting initial purchasers an option to acquire an additional $200 million in notes within 13 days.
- Southern Company plans to allocate around $1.25 billion from the offering’s net proceeds to repurchase certain outstanding convertible notes, including roughly $781.6 million of its Series 2023A notes maturing on December 15, 2025.
- The notes have a semiannual interest rate of 3.25%, an initial conversion rate equal to 8.8077 shares per $1,000 principal amount, and an initial conversion price around $113.54 per share, about 25% above the May 20, 2025 stock price.
- The repurchase transactions are individually negotiated and may affect market prices, while Southern Company cautions that various economic and catastrophic factors could materially impact actual results.
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Southern Company announces upsize and pricing of $1.45 billion in aggregate principal amount of Series 2025A 3.25% Convertible Senior Notes due June 15, 2028
ATLANTA, May 20, 2025 /PRNewswire/ -- Southern Company (NYSE: SO) today announced the pricing of $1.45 billion in aggregate principal amount of its Series 2025A 3.25% Convertible Senior Notes due June 15, 2028 (the "Convertible Notes") in a private placement…
Mirion Technologies Announces Pricing of Upsized $350.0 Million Offering of 0.25% Convertible Senior Notes Due 2030
ATLANTA–(BUSINESS WIRE)–Mirion Technologies, Inc. (“Mirion”) (NYSE: MIR), today announced the pricing of $350.0 million aggregate principal amount of 0.25% Convertible Senior Notes due 2030 (the “Notes”) in a private placement (the “Offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The size of the Offering was increased from th…
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