---
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"
generated_at: "2026-06-17T01:24:23.415162+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Southwest Gas Holdings enters $550M term loan, repays $450M subsidiary debt

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-103864
- JSON: https://secwatch.observer/filing/0001193125-23-103864.json
- Plain text: https://secwatch.observer/filing/0001193125-23-103864.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1692115/000119312523103864/0001193125-23-103864-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1692115/000119312523103864/0001193125-23-103864-index.htm

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