Southwest Gas sells 11.2M Centuri shares for $225M net; enters private placement with Icahn

Southwest Gas Holdings, Inc.

Sold 11,212,500 Centuri shares at $20.75/share via underwritten offering, net proceeds ~$225M.
Agreed to sell 1,060,240 additional Centuri shares to Icahn entities at same price for ~$22M, pending HSR clearance.
Ownership in Centuri drops to 53.3% after offering; ~52.1% if private placement closes.
Proceeds from both transactions will be used to repay outstanding indebtedness.

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