{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-039232","form_type":"8-K","ticker":"SWX","cik":"0001692115","company_name":"Southwest Gas Holdings, Inc.","filed_at":"2023-02-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.166671+00:00","generated_at":"2026-06-19T14:07:00.344712+00:00","sec_items":["2.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Southwest Gas closes $1.5B sale of MountainWest to Williams; proceeds repay $1.075B term loan","bullets":["Closed sale of MountainWest to Williams for $1.5B enterprise value; ~$1.080B cash received.","Net proceeds used to repay $1.075B of MountainWest acquisition term loan; $73M remains outstanding.","Sale simplifies corporate structure; returns Southwest Gas to core regulated utility business.","Company expects spin-off of Centuri in Q4 2023 or Q1 2024 to create two focused industry leaders.","Moelis & Company and Lazard advised Southwest Gas; Morrison & Foerster acted as legal counsel."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-039232","json":"https://secwatch.observer/filing/0001193125-23-039232.json","markdown":"https://secwatch.observer/filing/0001193125-23-039232.md","text":"https://secwatch.observer/filing/0001193125-23-039232.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692115/000119312523039232/0001193125-23-039232-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692115/000119312523039232/d451660d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T14:07:00.344712+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8c3f1c959ba34da3c62415c0768133ad5824e606","claim":"Southwest Gas Holdings, Inc. completed a disposition involving Williams Partners Operating LLC (a wholly owned subsidiary of The Williams Companies, Inc.) for $1.5 billion in total enterprise value, including approximately $1.080 billion in cash (closed 2023-02-14).","evidence_excerpt":"owned subsidiary of The Williams Companies, Inc. (collectively, the “Sale”). Pursuant to the terms of the Purchase Agreement, the total consideration received from the Sale was $1.5 billion in total enterprise value, including approximately $1.080 billion in cash. After the payment of transaction expenses, the net proceeds from the Sale will be used to repay $1.075","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1692115/000119312523039232/0001193125-23-039232-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Williams Partners Operating LLC (a wholly owned subsidiary of The Williams Companies, Inc.)"},{"label":"Consideration","value":"$1.5 billion in total enterprise value, including approximately $1.080 billion in cash"},{"label":"Closing","value":"2023-02-14"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}