{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-103864","form_type":"8-K","ticker":"SWX","cik":"0001692115","company_name":"Southwest Gas Holdings, Inc.","filed_at":"2023-04-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.069182+00:00","generated_at":"2026-06-17T01:24:23.415162+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Southwest Gas Holdings enters $550M term loan, repays $450M subsidiary debt","bullets":["Term loan of $550M matures Oct 17, 2024; SOFR + 1.30% margin or ABR + 0.30%.","Proceeds used to repay Southwest Gas Corp's $450M 364-day term loan, balance for working capital.","Financial covenant: funded debt to total capitalization not to exceed 0.70 to 1.00.","Lenders include JPMorgan, Bank of America, Wells Fargo, and U.S. Bank."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-103864","json":"https://secwatch.observer/filing/0001193125-23-103864.json","markdown":"https://secwatch.observer/filing/0001193125-23-103864.md","text":"https://secwatch.observer/filing/0001193125-23-103864.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692115/000119312523103864/0001193125-23-103864-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/92416/000119312523103864/d484535d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T01:24:23.415162+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":"fb0a15f7b0533d1d7672b8adf34c7df62abaf73a","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1692115/000119312523103864/0001193125-23-103864-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$550 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as Administrative Agent"},{"label":"Rate","value":"term SOFR plus an adjustment of 0.100% or alternate base rate, plus applicable m"},{"label":"Maturity","value":"October 17, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"27dd066f3949f68dd157b0929267c1211388d662","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1692115/000119312523103864/0001193125-23-103864-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"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"},{"label":"Value","value":"$550 million"},{"label":"Effective","value":"2023-04-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}