Hunton Advises on Georgia Power Company’s $1.5B Senior Notes Offerings

Time 2 Minute Read
September 29, 2025
News

Hunton Andrews Kurth LLP advised the underwriters on SEC-registered offerings by Georgia Power Company (“Georgia Power”) of an additional $250 million aggregate principal amount of Series 2025B 4.85% Senior Notes due March 15, 2031, $750 million aggregate principal amount of Series 2025D 4.00% Senior Notes due October 1, 2028, and $500 million aggregate principal amount of Series 2025E 5.50% Senior Notes due October 1, 2055. The Series 2025B offering constituted a reopening of the Company’s $500 million of Series 2025B 4.85% Senior Notes due March 15, 2031, originally issued on March 3, 2025. The net proceeds of the Series 2025B, 2025D, and 2025E Senior Notes will be used by Georgia Power to repay all or a portion of its outstanding commercial paper borrowings, which aggregated approximately $601 million as of September 23, 2025. Any remaining net proceeds will be used for other general corporate purposes, including the Company’s continuous construction program.

Georgia Power is engaged in the generation, transmission, distribution, and purchase of electricity and the sale of electric service within the State of Georgia, at retail in over 530 cities and towns (including Athens, Atlanta, Augusta, Columbus, Macon, Rome, and Savannah), as well as in rural areas and at wholesale. Georgia Power also markets and sells outdoor lighting services and other customer-focused utility services.

The Hunton team included Peter K. O’Brien, Steven C. Friend, Patrick C. Jamieson, Monika M. Dziewa, and Gabrielle Kraushaar. Robert McNamara and William Freeman provided tax advice.

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