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Alabama Power Co., 7.00% Senior Qrtly Interest Notes, Series B due 12/31/2047
Ticker Symbol: ACA* CUSIP: 010392637 Exchange: NYSE
* NOTE: This security is no longer trading as of 3/21/2003
Security has been Called for: Friday, March 21, 2003
Feb. 19, 2003 -- Alabama Power Company today closed the sale of $250,000,000 principal amount of its Series T 5.70% Senior Notes due February 15, 2033, and $170,000,000 principal amount of its Series U 2.65% Senior Notes due February 15, 2006. The proceeds from the sale of the notes will be used for the full redemption of the Company's Series B 7% Senior Quarterly Interest Notes due December 31, 2047 on or about March 21, 2003 at a redemption price of 100% of the principal amount thereof plus accrued interest.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Alabama Power Co., 7% Senior Quarterly Interest Notes, Series B, due 12/31/2047, issued in $25 denominations, redeemable at the issuer's option on or after 2/26/2003 at $25 per share plus accrued and unpaid interest, maturing 12/31/2047, distributions of 7.00% per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record at the close of business on the 15th calendar day prior to the payment date. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated obligations of the company. Alabama Power Co. is a wholly-owned subsidiary of the Southern Co. (NYSE: SO). See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (SO)
IPO - 2/23/1998 - 8.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $201.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 30 Ivan Allen Jr. Boulevard, N.W., Atlanta, GA 30308 |
| Main Phone Number |
404-506-5000 |
| Fax Number |
404-506-0455 |
| Investor Relations
Glen Kundert
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404-506-5135
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| Toll Free Phone Number |
866-762-6411 |
| CEO - David M. Ratcliffe |
CFO - Thomas A. Fanning |
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