{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-075301","form_type":"8-K","ticker":"SWX","cik":"0001692115","company_name":"Southwest Gas Holdings, Inc.","filed_at":"2024-03-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.137867+00:00","generated_at":"2026-06-04T09:06:47.631904+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Southwest Gas subsidiary Centuri amends credit facility to increase leverage covenants for Q1-Q3 2024","bullets":["Max total net leverage ratio raised to 5.75x for Q1 2024, 6.00x for Q2 2024, 5.75x for Q3 2024.","Interest coverage ratio floor lowered to 2.00x for Q1 through Q4 2024; reverts to 2.50x thereafter.","Additional leverage covenant cushion available if Centuri completes a Qualified IPO ≥$100M before March 2025.","Amendment provides significant covenant headroom, suggesting higher near-term leverage expectations."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-075301","json":"https://secwatch.observer/filing/0001193125-24-075301.json","markdown":"https://secwatch.observer/filing/0001193125-24-075301.md","text":"https://secwatch.observer/filing/0001193125-24-075301.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1692115/000119312524075301/0001193125-24-075301-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1692115/000119312524075301/d773058d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T09:06:47.631904+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"372fb97e0f4fc062c0a82837b1c489971d2069dc","claim":"Southwest Gas Holdings, Inc. amended Amendment No. 4 with Wells Fargo Bank, National Association (effective 2024-03-22).","evidence_excerpt":"On March 22, 2024, Centuri Group, Inc. (“Centuri”), a wholly owned subsidiary of Southwest Gas Holdings, Inc. (the “Company”), and Centuri Canada Division Inc. entered into Amendment No. 4 (“Amendment No. 4”) to the Second Amended and Restated Credit Agreement","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1692115/000119312524075301/0001193125-24-075301-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Effective","value":"2024-03-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}