So long as no Event of Default has occurred and is continuing, The Southern Company may defer interest payments on the Series 2017B Junior Subordinated Notes on one or more occasions for up to 40 consecutive quarterly periods as described in this Prospectus Supplement. Deferred interest payments will accrue additional interest at a rate of 5.25% per year, compounded quarterly, to the extent permitted by applicable law.
So long as no Event of Default has occurred and is continuing, The Southern Company may defer interest payments on the Series 2016A Junior Subordinated Notes on one or more occasions for up to 40 consecutive quarterly periods as described in this Prospectus Supplement. Deferred interest payments will accrue additional interest at a rate equal to the interest rate then applicable to the Series 2016A Junior Subordinated Notes, compounded quarterly, to the extent permitted by applicable law.
Name changed to Via Renewables (from Spark Energy) as of 8/10/2021 with resultant ticker changes
Issue has been reopened as of 1/24/2018 with an additional 2 million shares offered plus 250,000 shares for overallotment.
On and after April 15, 2022 (the “Floating Rate Period”), dividends on the Series A Preferred Stock shall accrue at an annual rate equal to the sum of (a) Three-Month LIBOR (as defined below) as calculated on each applicable Date of Determination (as defined below) and (b) 6.578%, based on the $25.00 liquidation preference per share of Series A Preferred Stock (the “Floating Dividend Rate”).
The company has reopened this issue and there are now 3.6 million shares outstanding
7/1/2023 Now trading with 3 month SOFR plus .2616% Replacing LIBOR
Via Renewables is no longer a public company (as of June, 2024)thus there is no common shares trading
So long as no event of default has occurred and is continuing, we may defer interest payments on one or more occasions for up to 40 consecutive quarterly periods, as described in this prospectus supplement. Any deferred interest payments will bear additional interest at the rate of 5.25% per year, to the extent legally permitted. The junior subordinated debentures will mature on December 1, 2077.
