|
Alabama Power Co., 6.75% Senior Notes Series J due 6/30/2039
Ticker Symbol: ALQ* CUSIP: 010392587 Exchange: NYSE
* NOTE: This security is no longer trading as of 5/26/2004
Security has been Called for: Wednesday, May 26, 2004
April 5, 2004 -- Alabama Power Company plans to redeem all of the Company's outstanding $200,000,000 Series J 6.75% Senior Notes due June 30, 2039 (Cusip No.: 010392587)(NYSE: ALQ) on May 26, 2004 at a redemption price equal to 100% of the principal amount ($25) plus any accrued and unpaid interest to the date of redemption.
|
|
QUANTUMONLINE.COM SECURITY DESCRIPTION: Alabama Power Co., 6.75% Senior Notes, Series J due 6/30/2039, issued in $25 denominations, redeemable at the issuer's option on or after 5/26/2004 at $25 per share plus accrued and unpaid interest, maturing 6/30/2039, distributions of 6.75% per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the 15th calendar day prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Payments of notes principal and interest are insured by a financial guaranty insurance policy from MBIA Insurance Corp. At the IPO, the certificates will be rated AAA by S&P and Aaa by Moody's. The Notes 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 Senior Notes are direct, unsecured and unsubordinated obligations and will rank equally with all existing and future unsecured and unsubordinated indebtedness. Alabama Power Co. is a wholly-owned subsidiary of the Southern Co. (NYSE: SO). See the IPO prospectus for further information on the senior notes by clicking on the ‘Link to IPO Prospectus’ provided below.
|
Go to Parent Company's Record (SO)
IPO - 5/20/1999 - 8.00 Million Notes @ $25.00/note.
Link to IPO Prospectus
Market Value $206.0 Million
|
Company's Online Information Links
|
| 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
|
404-506-5135
|
| Toll Free Phone Number |
866-762-6411 |
| CEO - David M. Ratcliffe |
CFO - Thomas A. Fanning |
Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.
|
|
