Hunton Andrews Kurth Advises Underwriters on Georgia Power Company’s $1.75 Billion Senior Notes Offerings

Hunton Andrews Kurth LLP advised the underwriters on SEC-registered offerings by Georgia Power Company (“Georgia Power”) of $750 million aggregate principal amount of Series 2023A 4.65% Senior Notes due May 16, 2028 and $1 billion aggregate principal amount of Series 2023B 4.95% Senior Notes due May 17, 2033. The net proceeds of the Series 2023A and 2023B Senior Notes will be used to repay all or a portion of the its $250 million outstanding uncommitted credit facility and outstanding commercial paper borrowings, which aggregated approximately $810 million as of April 28, 2023. Any remaining net proceeds will be used for other general corporate purposes, including the Georgia Power’s continued construction program.

Georgia Power is engaged in the generation, transmission, distribution and purchase of electricity and the sale of electric service within the State of Georgia, at retail in over 530 cities and towns (including Athens, Atlanta, Augusta, Columbus, Macon, Rome and Savannah), 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 C. Chan and Monika M. Dziewa. Robert McNamara provided tax advice.