secwatch / observer
8-K filed December 1, 2022, 6:59 PM ET ticker SWX CIK 0001692115
debt confidence high sentiment neutral materiality 0.50

Southwest Gas Holdings, Inc. (SWX): debt financing — Southwest Gas Corp closes $300M offering of 5.800% Senior Notes due 2027

Southwest Gas Holdings, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Southwest Gas Holdings, Inc. incurred senior notes of $300 million aggregate principal amount with The Bank of New York Mellon Trust Company, N.A. at 5.800% maturing December 1, 2027.

Instrument
senior notes
Principal
$300 million aggregate principal amount
Counterparty
The Bank of New York Mellon Trust Company, N.A.
Rate
5.800%
Maturity
December 1, 2027
Event
incurrence
Exact text from the filing
On December 1, 2022, Southwest Gas Corporation (the “Company”), a wholly owned subsidiary of Southwest Gas Holdings, Inc. (the “Parent”), completed a public offering of $300 million aggregate principal amount of 5.800% Senior Notes due 2027 (the “Notes”) pursuant to an Underwriting Agreement, dated November 29, 2022, with BNY Mellon Capital Markets, LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC as representatives of the underwriters named therein (the “Underwriting Agreement”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Southwest Gas Holdings, Inc. entered into Indenture (Base Indenture and Fourth Supplemental Indenture) with The Bank of New York Mellon Trust Company, N.A. valued at 5.800% Senior Notes due 2027, $300 million (effective 2022-12-01).

Action
entry
Agreement
notes offering
Counterparty
The Bank of New York Mellon Trust Company, N.A.
Value
5.800% Senior Notes due 2027, $300 million
Effective
2022-12-01
Exact text from the filing
The Notes were issued pursuant to an Indenture, dated as of June 4, 2020 (the “Base Indenture”), by and between the Company and The Bank of New York Mellon Trust Company, N.A., as Trustee (the “Trustee”) and a Fourth Supplemental Indenture, dated as of December 1, 2022, between the Company and the Trustee (the “Fourth Supplemental Indenture,” and together with the Base Indenture, the “Indenture”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Southwest Gas Holdings, Inc. entered into Underwriting Agreement with BNY Mellon Capital Markets, LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC valued at $300,000,000 (effective 2022-11-29).

Action
entry
Agreement
underwriting
Counterparty
BNY Mellon Capital Markets, LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC
Value
$300,000,000
Effective
2022-11-29
Exact text from the filing
completed a public offering of $300 million aggregate principal amount of 5.800% Senior Notes due 2027 (the “Notes”) pursuant to an Underwriting Agreement, dated November 29, 2022, with BNY Mellon Capital Markets, LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC as representatives of the underwriters named therein (the “Underwriting Agreement”).
View on SEC.gov

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Southwest Gas Holdings, Inc. filing history →

Source: SEC EDGAR
accession 0001193125-22-296513
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