Southwest Gas (SWX) Commences $400M Stock Offering

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Go back to Southwest Gas (SWX) Commences $400M Stock Offering

SOUTHWEST GAS HOLDINGS, INC. ANNOUNCES COMMENCEMENT OF PUBLIC OFFERING OF COMMON STOCK

March 28, 2022 4:05 PM EDT

LAS VEGAS, March 28, 2022 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) (the "Company") today announced that it has commenced an underwritten public offering of $400,000,000 of shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional $60,000,000 of shares of common stock.

The Company intends to use the net proceeds from the offering to repay outstanding borrowings under the 364-day term loan credit agreement that was used to fund... More