---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-125112"
form_type: "8-K"
ticker: "SWX"
cik: "0001692115"
company_name: "Southwest Gas Holdings, Inc."
filed_at: "2025-05-22T23:59:59+00:00"
generated_at: "2026-05-20T18:25:56.197718+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SWX sells 11.9M Centuri shares for $225M, ends spin-off rights plan

## Summary
- Sold 9M Centuri shares at $17.50 via underwritten offering; net proceeds ~$175M.
- Concurrent private placement of 2.86M Centuri shares to Icahn entities; net ~$50M.
- Proceeds of ~$225M used for debt repayment; Centuri received no proceeds.
- Board terminates Tax-Free Spin Protection Plan; no longer pursuing tax-free Centuri spin-off.
- Underwriters have 30-day option to purchase up to 1.35M additional Centuri shares at $17.50.

## SEC filing metadata
- accession: 0001193125-25-125112
- form_type: 8-K
- ticker: SWX
- cik: 0001692115
- company_name: Southwest Gas Holdings, Inc.
- filed_at: 2025-05-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692115/000119312525125112/0001193125-25-125112-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692115/000119312525125112/d945768d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-125112
- JSON: https://secwatch.observer/filing/0001193125-25-125112.json
- Plain text: https://secwatch.observer/filing/0001193125-25-125112.txt

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