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Alabama Power Co., 5.875% Series II Senior Notes due 3/15/2046
Ticker Symbol: ALZ** CUSIP: 010392538 Exchange: NYSE
* NOTE: This security is no longer trading as of 6/20/2011
Security has been Called for: Monday, June 20, 2011
May 18, 2011 -- Alabama Power Company on June 20 plans to redeem all of the company's outstanding $100 million Series GG 5-7/8 percent Senior Notes due Feb. 1, 2046 (cusip No. 010392546, NYSE: ALQ), $200 million Series II 5.875 percent Senior Notes due March 15, 2046 (cusip No. 010392538, NYSE: ALZ), $150 million Series JJ 6.375 percent Senior Notes due June 15, 2046, (cusip No. 010392520, NYSE: ABA), 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 Series GG Senior Notes, Series II Senior Notes and Series JJ Senior Notes to be redeemed 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.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Alabama Power Co., 5.875% Senior Notes Series II, issued in $25 denominations, redeemable at the issuer's option on or after 3/15/2011 at $25 per share plus accrued and unpaid interest, maturing 3/15/2046, distributions of 5.875% ($1.46875) per annum are paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the 15th day prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). The notes are insured as to the payment of principal and interest by a surety bond issued by XL Capital Insurance Inc. Distributions paid by these debt securities are interest and as such are NOT eligible for the 15% tax rate on dividends and is also NOT eligible for the dividend received deduction for corporate holders. 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 Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below. Alabama Power Co. is a wholly-owned subsidiary of the Southern Co. (NYSE:SO).
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Go to Parent Company's Record (SO)
IPO - 3/9/2006 - 8.00 Million Notes @ $25.00/note.
Link to IPO Prospectus
Previous Ticker Symbol: APRCN Changed: 4/11/2006
Market Value $200.0 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 - Thomas A. Fanning |
CFO - Richard S. Teel |
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