09/09/2026 | Press release | Distributed by Public on 09/09/2026 13:50
| Issuer: | Southern Company Gas Capital Corporation | ||||
| Guarantor: | Southern Company Gas | ||||
| Security: | Series 2026A 5.00% Senior Notes due October 1, 2029 | ||||
| Expected Ratings:* |
Baa1 (Stable) / A- (Stable) / BBB+ (Stable) (Moody's/
Standard & Poor's/Fitch)
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| Size: | $550,000,000 | ||||
| Initial Public Offering Price: | 99.935% of the principal amount | ||||
| Maturity Date: | October 1, 2029 | ||||
| Benchmark Treasury: | 4.250% due August 15, 2029 | ||||
| Benchmark Treasury Yield: | 4.502% | ||||
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Spread to Benchmark Treasury:
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+52 basis points | ||||
| Re-offer Yield: | 5.022% | ||||
| Optional Redemption: | |||||
| Make-Whole Call: | Prior to September 1, 2029 at T+10 basis points | ||||
| Par Call: | On or after September 1, 2029 at 100% | ||||
| Coupon: | 5.00% | ||||
| Call for Tax Credit Event: | In whole, but not in part, at 101% of the principal amount, plus any accrued and unpaid interest thereon (notice may be issued no later than March 14, 2027, for a redemption not less than 15 nor more than 60 days after such notice) | ||||
| Interest Payment Dates: | April 1 and October 1 of each year, beginning April 1, 2027 | ||||
| Format: | SEC Registered | ||||
| Denominations: | $2,000 and integral multiples of $1,000 in excess thereof | ||||
| CUSIP/ISIN: | 8426EP AM0/US8426EPAM08 | ||||
| Trade Date: | September 9, 2026 | ||||
| Expected Settlement Date: | September 14, 2026 (T+3) | ||||
| Joint Book-Running Managers: |
BofA Securities, Inc.
MUFG Securities Americas Inc.
PNC Capital Markets LLC
Wells Fargo Securities, LLC
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| Co-Managers: |
KeyBanc Capital Markets Inc. Loop Capital Markets LLC PNFP Capital Markets, Inc. Park Place Capital Securities Corp. Samuel A. Ramirez & Company, Inc. |
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