secwatch.observer — SEC 8-K summary
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Issuer:     Southwest Gas Holdings, Inc. (SWX)
CIK:        0001692115
Form:       8-K
Filed at:   2023-04-17T23:59:59+00:00
Accession:  0001193125-23-103864
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692115/000119312523103864/0001193125-23-103864-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92416/000119312523103864/d484535d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-103864

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