secwatch / observer
8-K filed July 2, 2025, 7:59 PM ET ticker SWX CIK 0001692115
debt confidence high sentiment neutral materiality 0.70

Southwest Gas Holdings, Inc. (SWX): debt financing — Southwest Gas amends term loan to $225M, extends maturity to 2026; signs new $300M revolver

Southwest Gas Holdings, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Southwest Gas Holdings, Inc. incurred revolving credit of $300 million with JPMorgan Chase Bank, N.A. as Administrative Agent and Swingline Lender at adjusted term secured overnight financing rate (“SOFR”) or the “alternate base r maturing August 1, 2029.

Instrument
revolving credit
Principal
$300 million
Counterparty
JPMorgan Chase Bank, N.A. as Administrative Agent and Swingline Lender
Rate
adjusted term secured overnight financing rate (“SOFR”) or the “alternate base r
Maturity
August 1, 2029
Event
incurrence
Exact text from the filing
BofA Securities, Inc. and Wells Fargo Securities, LLC as Joint Lead Arrangers and Joint Bookrunners. The revolving borrowing capacity under the Revolving Credit Agreement is $300 million, and as of July 1, 2025, $35 million in aggregate principal amount was outstanding under the Revolving Credit Agreement. The Revolving Credit Agreement matures on August 1, 2029,
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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Southwest Gas Holdings, Inc. amended term loan of decreased from $550 million to $225 million with JPMorgan Chase Bank, N.A. as Administrative Agent maturing June 26, 2026.

Instrument
term loan
Principal
decreased from $550 million to $225 million
Counterparty
JPMorgan Chase Bank, N.A. as Administrative Agent
Maturity
June 26, 2026
Event
amendment
Exact text from the filing
Company also prepaid a portion of indebtedness under the Amended Term Loan Agreement as a part of the closing, and the total value of the lenders’ commitments was decreased from $550 million to $225 million. The foregoing description of the Amended Term Loan Agreement does not purport to be complete and is qualified in its entirety by reference to the Amended Term
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Southwest Gas Holdings, Inc. filing history →

Source: SEC EDGAR
accession 0001193125-25-154995
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