secwatch.observer — SEC 8-K summary
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Issuer:     Southwest Gas Holdings, Inc. (SWX)
CIK:        0001692115
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001193125-23-039232
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southwest Gas closes $1.5B sale of MountainWest to Williams; proceeds repay $1.075B term loan
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692115/000119312523039232/0001193125-23-039232-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692115/000119312523039232/d451660d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-039232

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