secwatch / observer
8-K filed March 23, 2023, 7:59 PM ET ticker SWX CIK 0001692115
debt confidence high sentiment neutral materiality 0.45

Southwest Gas Holdings, Inc. (SWX): debt financing — Southwest Gas Corp issues $300M 5.450% Senior Notes due 2028

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 with The Bank of New York Mellon Trust Company, N.A. at 5.450% per year maturing March 23, 2028.

Instrument
senior notes
Principal
$300 million
Counterparty
The Bank of New York Mellon Trust Company, N.A.
Rate
5.450% per year
Maturity
March 23, 2028
Event
incurrence
Exact text from the filing
On March 23, 2023, 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 5.450% Senior Notes due 2028 (the “Notes”) pursuant to an Underwriting Agreement, dated March 21, 2023, with BofA Securities, Inc., J.P. Morgan Securities LLC, TD Securities (USA) LLC, U.S. Bancorp Investments, Inc. 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 0.9

Southwest Gas Holdings, Inc. entered into Fifth Supplemental Indenture with The Bank of New York Mellon Trust Company, N.A., as Trustee valued at $300 million (effective 2023-03-23).

Action
entry
Agreement
notes offering
Counterparty
The Bank of New York Mellon Trust Company, N.A., as Trustee
Value
$300 million
Effective
2023-03-23
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 Fifth Supplemental Indenture, dated as of March 23, 2023, between the Company and the Trustee (the “Fifth 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 0.9

Southwest Gas Holdings, Inc. entered into Underwriting Agreement with BofA Securities, Inc., J.P. Morgan Securities LLC, TD Securities (USA) LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC valued at $300 million (effective 2023-03-21).

Action
entry
Agreement
underwriting
Counterparty
BofA Securities, Inc., J.P. Morgan Securities LLC, TD Securities (USA) LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC
Value
$300 million
Effective
2023-03-21
Exact text from the filing
On March 23, 2023, 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 5.450% Senior Notes due 2028 (the “Notes”) pursuant to an Underwriting Agreement, dated March 21, 2023, with BofA Securities, Inc., J.P. Morgan Securities LLC, TD Securities (USA) LLC, U.S. Bancorp Investments, Inc. 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 0001193125-23-078049
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