Alabama Power Co.’s $700 Million Senior Notes Offering

Hunton Andrews Kurth advised the underwriters on the deal.

Alabama Power Company (Alabama Power) announced a SEC-registered offering of $700 million aggregate principal amount of Series 2021B 3.00% Senior Notes due March 15, 2052.

Alabama Power is a wholly owned subsidiary of The Southern Company. Alabama Power is engaged in the generation, transmission, distribution, and purchase of electricity and the sale of electric service within the State of Alabama, at retail in approximately 400 cities and towns (including Anniston, Birmingham, Gadsden, Mobile, Montgomery, and Tuscaloosa), as well as in rural areas, and at wholesale to 11 municipally-owned electric distribution systems.

The underwriters included: Citigroup Global Markets Inc., Mizuho Securities USA LLC, PNC Capital Markets LLC, Truist Securities, Inc., Wells Fargo Securities, LLC, Regions Securities LLC, BMO Capital Markets Corp., FHN Financial Securities Corp., Huntington Securities, Inc, Drexel Hamilton, LLC, Loop Capital Markets LLC, Samuel A. Ramirez & Company, Inc.

The Hunton Andrews Kurth team included Peter K. O’Brien (Picture), Steven Friend, Patrick Jamieson and Michelle Chan. Robert McNamara and Tim Strother provided tax advice.

 

Involved fees earner: Michelle Chan – Hunton Andrews Kurth LLP; Steven Friend – Hunton Andrews Kurth LLP; Patrick Jamieson – Hunton Andrews Kurth LLP; Robert McNamara – Hunton Andrews Kurth LLP; Peter O’Brien – Hunton Andrews Kurth LLP; Tim Strother – Hunton Andrews Kurth LLP;

Law Firms: Hunton Andrews Kurth LLP;

Clients: BMO Capital Markets; Citigroup Global Markets Ltd; Drexel Hamilton; FHN Financial Securities Corp.; Huntington Securities Inc; Loop Capital Markets; Mizuho Securities; PNC Capital Markets LLC; Regions Securities LLC; Samuel A. Ramirez & Company, Inc.; Siebert Williams Shank & Co. LLC; Truist Securities Inc. ; Wells Fargo Securities;

Martina Bellini

Author: Martina Bellini