secwatch.observer — SEC 8-K summary
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Issuer:     Southwest Gas Holdings, Inc. (SWX)
CIK:        0001692115
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0001193125-23-126894
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southwest Gas amends credit facility to enable Centuri spin-off and debt repayment
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- Amendment No. 2 permits spin-off of Centuri Group without disrupting access to the Credit Facility.
- Proceeds from future draws may be used to repay outstanding debt of subsidiary Southwest Gas Corporation.
- Credit Facility terms otherwise unchanged; amendment effective April 25, 2023.
- New covenants require no Event of Default and pro forma funded debt ratio not exceeding 0.70 to 1.00.
- Defined 'Permitted Spin-Off' and added investment category for cash investments in Centuri Group.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692115/000119312523126894/0001193125-23-126894-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/92416/000119312523126894/d485601d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-126894

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