Southern Company Gas Announces $550M Senior Notes Offering

What Happened

• Southern Company Gas (GAS) and Southern Company Gas Capital Corporation (GAS Capital) entered an Underwriting Agreement on September 9, 2026, to issue and sell $550,000,000 aggregate principal amount of Series 2026A 5.00% Senior Notes due October 1, 2029.
• The notes are guaranteed by Southern Company Gas and were registered under the Securities Act of 1933 pursuant to GAS and GAS Capital’s shelf registration (Registration Nos. 333-285115 and 333-285115-01). The underwriting group was led by BofA Securities, MUFG Securities Americas, PNC Capital Markets and Wells Fargo Securities. The company filed the related Form 8-K on September 14, 2026.

Key Details

• Offering amount: $550,000,000 aggregate principal.
• Coupon: 5.00% interest.
• Maturity: October 1, 2029.
• Underwriting agreement date: September 9, 2026; notes and guarantee registered under existing shelf registration.

Why It Matters

• This transaction adds $550 million of senior notes to GAS Capital’s debt profile, with a fixed 5.00% interest rate and a 2029 maturity — concrete items investors can use to assess near-term interest obligations and upcoming maturities.
• The notes are guaranteed by Southern Company Gas and were registered under the Securities Act, facilitating their sale and potential liquidity for investors.