MISSISSIPPI POWER CO·8-K

Mar 3, 11:24 AM ET

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MISSISSIPPI POWER CO 8-K

Research Summary

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Updated

Mississippi Power Co. Announces $74.83M Series 2026A Senior Note Offering

What Happened Mississippi Power Company announced an underwriting agreement dated February 27, 2026, to issue and sell $74,830,000 aggregate principal amount of Series 2026A Floating Rate Senior Notes due May 15, 2076. The notes are being issued under the company’s shelf registration (Registration No. 333-273697). RBC Capital Markets, LLC is the underwriter, and an Eighth Supplemental Indenture providing for the issuance was dated March 3, 2026.

Key Details

  • Amount: $74,830,000 aggregate principal of Series 2026A Floating Rate Senior Notes.
  • Maturity: May 15, 2076 (long‑term senior debt).
  • Structure: Floating‑rate senior notes, registered under the Securities Act via the company’s shelf registration.
  • Parties and documents: Underwriting Agreement with RBC Capital Markets, LLC (Feb 27, 2026) and Eighth Supplemental Indenture (Mar 3, 2026); legal opinion and consent from Troutman Pepper Locke LLP were filed as exhibits.

Why It Matters This filing signals Mississippi Power is taking on long‑term, floating‑rate senior debt, which will increase its outstanding liabilities and introduce interest‑rate sensitivity to its future interest costs. Because the notes are registered and underwritten, the offering is structured for a public sale. Retail investors should watch subsequent filings for the use of proceeds, pricing details, and any impacts on the company’s leverage, credit metrics, or dividend policy.

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