Southern Company convertible notes offerings

Sui Southern Gas Company announced on August 3, 2026, offerings of $650 million in convertible senior notes due December 15, 2027, and $1.5 billion in convertible senior notes due September 15, 2029, in private placements to qualified institutional buyers. The company also expects to grant initial purchasers options to buy up to an additional $97.5 million of the 2027 notes and $225 million of the 2029 notes. Proceeds will be used to repurchase a portion of its existing convertible notes (Series 2024A 4.50% due 2027 and Series 2025A 3.25% due 2028), repay short-term debt, and for general corporate purposes. The notes are senior, unsecured obligations, with interest paid semiannually, and are convertible under certain conditions. The offerings are part of Sui Southern Gas Company's capital management strategy.