---
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"
generated_at: "2026-06-04T09:06:47.631904+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Southwest Gas subsidiary Centuri amends credit facility to increase leverage covenants for Q1-Q3 2024

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-075301
- JSON: https://secwatch.observer/filing/0001193125-24-075301.json
- Plain text: https://secwatch.observer/filing/0001193125-24-075301.txt

## Key facts
- Material Agreements
  Southwest Gas Holdings, Inc. amended Amendment No. 4 with Wells Fargo Bank, National Association (effective 2024-03-22).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association
  - Effective: 2024-03-22
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1692115/000119312524075301/0001193125-24-075301-index.htm

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