Southern Company falls after upsized $1.45 billion convertible bonds offering

Shares of energy provider Southern Company SO.N fall as much as 1.1%; last down 0.8% at $90.06

Southern Company late on Tuesday announced pricing of its offering of $1.45 billion convertible bonds due 2028

Offering upsized from initial size of $1.25 billion convertible bonds

Initial conversion price of $113.54 represents 25% upside to stock's last close

Stock set to snap 4-session winning streak, if losses hold

Company plans to use the proceeds to repurchase portion of its convertible bonds due 2025 and 2027

Six of 19 brokerages rate the stock "buy" or higher, 12 "hold" and one "sell"; with a median PT $94.50, according to data compiled by LSEG

As of last close, SO stock up 10.3% YTD