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Georgia Power Issuing $500 Million Of 30-Year Bonds In US - Source

By Patrick McGee Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Georgia Power Co., the largest subsidiary of electricity generator Southern Co. (SO), plans to issue $500 million of 30-year bonds in the U.S. credit markets Wednesday, according to a person familiar with the matter. The company intends to use the proceeds to repay a portion of outstanding short-term debt and two bank loans. It may also use proceeds for general corporate purposes including its continuous construction program. The notes are expected to be rated A3 by Moody's Investors Service, A by Standard & Poor's, and A-plus by Fitch Ratings. Bank of America Merrill Lynch, Barclays Capital, Deutsche Bank, SunTrust Robinson Humphrey, UBS and Wells Fargo Securities. -By Patrick McGee, Dow Jones Newswires; 212-416-2382; [email protected]

Stock News for Southern (SO)
DateTimeHeadline
01/19/201716:01:00Southern Company fourth-quarter earnings to be released February...
01/13/201715:33:00Southern Company announces quarterly dividend
01/13/201714:13:00MLK Day of Service is A Day On, Not Off for Georgia Power
01/13/201712:50:00Southern Nuclear names new site vice president at Plant Farley
01/11/201710:51:00Alabama Power Dividends Declared
01/10/201710:34:12Statement of Changes in Beneficial Ownership (4)
01/09/201709:00:00Southern Company subsidiary acquires additional wind facility...
01/07/201719:40:00Georgia Power restores power to 98+ percent of customers impacted...
01/07/201712:41:00Georgia Power restores power to 50,000+ customers following Winter...
01/06/201716:29:29Current Report Filing (8-k)
01/05/201712:18:30Griffin Capital Essential Asset REIT II Acquires Class “A” Com...
01/04/201710:06:11Statement of Changes in Beneficial Ownership (4)
01/04/201710:05:44Statement of Changes in Beneficial Ownership (4)
01/04/201710:05:18Statement of Changes in Beneficial Ownership (4)
01/04/201710:04:51Statement of Changes in Beneficial Ownership (4)
01/04/201710:03:04Statement of Changes in Beneficial Ownership (4)
01/04/201710:02:37Statement of Changes in Beneficial Ownership (4)
01/04/201709:54:04Statement of Changes in Beneficial Ownership (4)
01/04/201709:53:36Statement of Changes in Beneficial Ownership (4)
01/04/201709:52:43Statement of Changes in Beneficial Ownership (4)

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