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8-K filed April 17, 2023, 7:59 PM ET ticker SWX CIK 0001692115
debt confidence high sentiment neutral materiality 0.60

Southwest Gas Holdings, Inc. (SWX): debt financing — Southwest Gas Holdings enters $550M term loan, repays $450M subsidiary debt

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 term loan of $550 million with JPMorgan Chase Bank, N.A., as Administrative Agent at term SOFR plus an adjustment of 0.100% or alternate base rate, plus applicable m maturing October 17, 2024.

Instrument
term loan
Principal
$550 million
Counterparty
JPMorgan Chase Bank, N.A., as Administrative Agent
Rate
term SOFR plus an adjustment of 0.100% or alternate base rate, plus applicable m
Maturity
October 17, 2024
Event
incurrence
Exact text from the filing
On April 17, 2023, Southwest Gas Holdings, Inc. (the “Company”) entered into a Term Loan Credit Agreement (the “Term Loan Agreement”) with the lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, Bank of America, N.A. as Syndication Agent, JPMorgan Chase Bank, N.A., BofA Securities, Inc., Wells Fargo Bank, N.A. and U.S. Bank, National Association as Joint Lead Arrangers and Joint Bookrunners, and Wells Fargo Bank, N.A. and U.S. Bank, National Association as Co-Documentation Agents. The Term Loan Agreement provides for a term loan (the “Term Loan”) of $550 million that matures on October 17, 2024.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Southwest Gas Holdings, Inc. entered into Term Loan Credit Agreement with lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, Bank of America, N.A. as Syndication Agent, JPMorgan Chase Bank, N.A., BofA Securities, Inc., Wells Fargo Bank, N.A. and U.S. Bank, National Association as Joint Lead Arrangers and Joint Bookrunners, and Wel valued at $550 million (effective 2023-04-17).

Action
entry
Agreement
credit facility
Counterparty
lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, Bank of America, N.A. as Syndication Agent, JPMorgan Chase Bank, N.A., BofA Securities, Inc., Wells Fargo Bank, N.A. and U.S. Bank, National Association as Joint Lead Arrangers and Joint Bookrunners, and Wel
Value
$550 million
Effective
2023-04-17
Exact text from the filing
On April 17, 2023, Southwest Gas Holdings, Inc. (the “Company”) entered into a Term Loan Credit Agreement (the “Term Loan Agreement”) with the lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, Bank of America, N.A. as Syndication Agent, JPMorgan Chase Bank, N.A., BofA Securities, Inc., Wells Fargo Bank, N.A. and U.S. Bank, National Association as Joint Lead Arrangers and Joint Bookrunners, and Wells Fargo Bank, N.A. and U.S. Bank, National Association as Co-Documentation Agents.
View on SEC.gov

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Southwest Gas Holdings, Inc. filing history →

Source: SEC EDGAR
accession 0001193125-23-103864
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