---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-154995"
form_type: "8-K"
ticker: "SWX"
cik: "0001692115"
company_name: "Southwest Gas Holdings, Inc."
filed_at: "2025-07-02T23:59:59+00:00"
generated_at: "2026-05-18T09:39:05.572953+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Southwest Gas amends term loan to $225M, extends maturity to 2026; signs new $300M revolver

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-154995
- form_type: 8-K
- ticker: SWX
- cik: 0001692115
- company_name: Southwest Gas Holdings, Inc.
- filed_at: 2025-07-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692115/000119312525154995/0001193125-25-154995-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692115/000119312525154995/d93270d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-154995
- JSON: https://secwatch.observer/filing/0001193125-25-154995.json
- Plain text: https://secwatch.observer/filing/0001193125-25-154995.txt

## Key facts
- Debt Financings
  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
  source text: 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,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692115/000119312525154995/0001193125-25-154995-index.htm
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692115/000119312525154995/0001193125-25-154995-index.htm

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