debt
confidence high
sentiment neutral
materiality 0.70
Southwest Gas amends term loan to $225M, extends maturity to 2026; signs new $300M revolver
Southwest Gas Holdings, Inc.
- Amended Term Loan reduced from $550M to $225M; maturity extended to June 26, 2026; portion prepaid at closing.
- New $300M Revolving Credit Agreement matures August 1, 2029, replacing prior $300M facility; $35M drawn as of July 1, 2025.
- Revolver interest: SOFR + 0.75%-1.50% or base rate + 0%-0.50%; commitment fee 0.075%-0.200% based on debt rating.
- Centuri Holdings excluded from certain material representations, covenants, and events of default in both agreements.
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