---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-078049"
form_type: "8-K"
ticker: "SWX"
cik: "0001692115"
company_name: "Southwest Gas Holdings, Inc."
filed_at: "2023-03-23T23:59:59+00:00"
generated_at: "2026-06-17T18:43:09.184177+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Southwest Gas Corp issues $300M 5.450% Senior Notes due 2028

## Summary
- Net proceeds of ~$296.5M after underwriting discounts and expenses.
- Notes mature March 23, 2028; interest 5.450% payable semi-annually.
- Proceeds to repay credit facility outstanding and for general corporate purposes.
- Notes are unsecured, unsubordinated obligations of Southwest Gas Corp, not guaranteed by parent.
- Redeemable at any time before Feb 23, 2028 at Treasury rate + 30 bps.

## SEC filing metadata
- accession: 0001193125-23-078049
- form_type: 8-K
- ticker: SWX
- cik: 0001692115
- company_name: Southwest Gas Holdings, Inc.
- filed_at: 2023-03-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692115/000119312523078049/0001193125-23-078049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/92416/000119312523078049/d360456d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-078049
- JSON: https://secwatch.observer/filing/0001193125-23-078049.json
- Plain text: https://secwatch.observer/filing/0001193125-23-078049.txt

## Key facts
- Debt Financings
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692115/000119312523078049/0001193125-23-078049-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692115/000119312523078049/0001193125-23-078049-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692115/000119312523078049/0001193125-23-078049-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.