Issuer: | Southern Power Company |
Security: | Series 2013A 5.25% Senior Notes due July 15, 2043 |
Expected Ratings:* | Baa1/BBB+/BBB+ (Moody's/Standard & Poor's/Fitch) |
Size: | $300,000,000 |
Initial Public Offering Price: | 99.715% |
Maturity Date: | July 15, 2043 |
Treasury Benchmark: | 3.125% due February 15, 2043 |
US Treasury Yield: | 3.669% |
Spread to Treasury: | +160 basis points |
Re-offer Yield: | 5.269% |
Make-Whole Call: | T+25 basis points |
Coupon: | 5.25% |
Interest Payment Dates: | January 15 and July 15 of each year, beginning January 15, 2014 |
Format: | SEC Registered |
Denominations: | $1,000 and any integral multiple thereof |
CUSIP/ISIN: | 843646 AJ9 / US843646AJ93 |
Trade Date: | July 10, 2013 |
Expected Settlement Date: | July 16, 2013 (T+4) |
Joint Book-Running Managers: | Goldman, Sachs & Co. Mizuho Securities USA Inc. RBS Securities Inc. |
Co-Managers: | Banca IMI S.p.A. Samuel A. Ramirez & Company, Inc. |
* Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. |
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, the underwriter or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling Southern Power Company collect at 1-404-506-0791, Goldman, Sachs & Co. toll-free at 1-866-471-2526, Mizuho Securities USA Inc. toll-free at 1-866-271-7403 or RBS Securities Inc. toll-free at 1-866-884-2071. |