---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-277885"
form_type: "8-K"
ticker: "SWX"
cik: "0001692115"
company_name: "Southwest Gas Holdings, Inc."
filed_at: "2023-11-15T23:59:59+00:00"
generated_at: "2026-06-08T02:33:00.490205+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Southwest Gas subsidiary Centuri amends credit facility covenants for 2024

## Summary
- Interest coverage ratio minimum reduced to 2.00:1.00 for Q1–Q4 2024 from 2.50:1.00.
- Net leverage ratio maximum increased to 5.50:1.00 for Q1–Q3 2024 and 5.00:1.00 for Q4 2024.
- If Centuri completes a Qualified IPO before March 2025, leverage covenant adjusts based on proceeds.
- Amendment effective Nov 13, 2023; other terms of credit facility unchanged.

## SEC filing metadata
- accession: 0001193125-23-277885
- form_type: 8-K
- ticker: SWX
- cik: 0001692115
- company_name: Southwest Gas Holdings, Inc.
- filed_at: 2023-11-15T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692115/000119312523277885/0001193125-23-277885-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692115/000119312523277885/d604131d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-277885
- JSON: https://secwatch.observer/filing/0001193125-23-277885.json
- Plain text: https://secwatch.observer/filing/0001193125-23-277885.txt

## Key facts
- Material Agreements
  Southwest Gas Holdings, Inc. amended Amendment No. 3 with Wells Fargo Bank, National Association, as administrative agent (effective 2023-11-13).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association, as administrative agent
  - Effective: 2023-11-13
  source text: On November 13, 2023, Centuri Group, Inc. (“Centuri”), a wholly owned subsidiary of Southwest Gas Holdings, Inc. (the “Company”), and Centuri Canada Division Inc. entered into Amendment No. 3 (“Amendment No. 3”) to the Second Amended and Restated Credit Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692115/000119312523277885/0001193125-23-277885-index.htm

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