debt
confidence high
sentiment positive
materiality 0.55
SWX extends term loan to July 2025, reduces margin; new $400M revolver matures 2029
Southwest Gas Holdings, Inc.
- Amended Term Loan: maturity extended to July 31, 2025; margin reduced to 1.125% (SOFR) and 0.1125% (base rate).
- New $400M Revolving Credit Agreement for Southwest Gas Corp., maturing Aug 1, 2029, replacing prior facility expiring Apr 2025.
- Revolver interest margins range from 0.750%–1.500% (SOFR) based on credit rating; financial covenant limits funded debt/total capitalization to 0.70:1.
- Agreements entered Aug 1, 2024; JPMorgan, Bank of America serve as administrative agents.