Hunton Andrews Kurth Advises Underwriters on Alabama Power Company’s $300 Million Senior Notes Offering

Hunton Andrews Kurth LLP advised the underwriters on an SEC-registered offering by Alabama Power Company (“Alabama Power”) of $300 million aggregate principal amount of Series 2023B 5.85% Senior Notes due November 15, 2033 (the “Series 2023B Senior Notes”). The net proceeds of the Series 2023B Senior Notes will be used to repay all or a portion of the $300 million aggregate principal amount of Alabama Power’s Series 2013A 3.55% Senior Notes due December 1, 2023. Any remaining net proceeds will be used for other general corporate purposes, including the Alabama Power’s continuous construction program.

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.

The Hunton Andrews Kurth team included Peter K. O’Brien, Steven C. Friend, Patrick C. Jamieson, Michelle G. Chan and Monika M. Dziewa. Robert McNamara, William Freeman and Drew Hermiller provided tax advice.