secwatch.observer — SEC 8-K summary
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Issuer:     Southwest Gas Holdings, Inc. (SWX)
CIK:        0001692115
Form:       8-K
Filed at:   2023-11-15T23:59:59+00:00
Accession:  0001193125-23-277885
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southwest Gas subsidiary Centuri amends credit facility covenants for 2024
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692115/000119312523277885/0001193125-23-277885-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692115/000119312523277885/d604131d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-277885

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