See more news releases in: Electrical Utilities, Oil & Energy, Utilities, Acquisitions, Mergers and Takeovers
Alabama Power Company Announces Planned Redemption of Senior Notes
BIRMINGHAM, Ala., Feb. 14, 2012 /PRNewswire/ -- On April 2, 2012 Alabama Power plans to redeem all of the company's outstanding $250 million Series 2007B 5.875% Senior Notes due April 1, 2047
(Cusip No. 010392496, NYSE: ALM) at a redemption price equal to 100 percent of the principal amount plus any accrued and unpaid interest to the date of redemption.
Holders of the 2007B Senior Notes will receive a notice of redemption at least 30 days prior to the redemption date. The Bank of New York Mellon Global Corporate Trust will serve as redemption agent.
Alabama Power, a subsidiary of Atlanta-based Southern Company (NYSE: SO), provides reliable, affordable electricity to more than 1.4 million customers across the state.
SOURCE Alabama Power Company
Back to top
Custom Packages
Browse our custom packages or build your own to meet your unique communications needs.
PR Newswire Membership
Fill out a PR Newswire membership form or contact us at (888) 776-0942.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.
Featured Video
More in These Categories
Journalists and Bloggers
Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.
View and download archived video content distributed by MultiVu on The Digital Center.
Free Investing Newsletter from Investor Uprising!
Learn to navigate the world's financial system and profit from leading companies.
Register for Investor Uprising, the people's investment site, for a free weekly newsletter, information, education and premium research including our latest IU Confidential Report - "All That Glitters: The Ultimate Gold Report".