Hunton Andrews Kurth Advises Underwriters on Georgia Power Company’s $1.4 Billion Senior Notes Offerings

Hunton Andrews Kurth LLP advised the underwriters on SEC-registered offerings by Georgia Power Company (“Georgia Power”) of $500 million aggregate principal amount of Series 2024A 5.004% Senior Notes due February 23, 2027 and $900 million aggregate principal amount of Series 2024B 5.250% Senior Notes due March 15, 2034. The net proceeds of the Series 2024A and 2024B Senior Notes will be used to repay all or a portion of its $250 million outstanding uncommitted credit facility and outstanding commercial paper borrowings, which aggregated approximately $475 million as of February 19, 2024. Any remaining net proceeds will be used for other general corporate purposes, including the Georgia Power’s continued 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 Andrews Kurth team included Peter K. O’Brien, Steven C. Friend, Patrick C. Jamieson, Michelle G. Chan and Monika M. Dziewa. Robert McNamara, William Freeman and Caitlin A. Scipioni provided tax advice.