[ad_1]
Southwest Gas (SWX) Announces Commencement Of $215M Public Offering Of Common Stock
Southwest Gas Holdings, Inc. (NYSE:) (the “Company”) today announced that it has commenced an underwritten public offering of $215,000,000 in shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional $32,250,000 of shares of its common stock.
The Company intends to use the net proceeds from the offering to repay outstanding borrowings under its credit facility and the remaining amounts due under the amended 364-day term loan credit agreement entered into in November 2021 in connection with the acquisition of MountainWest Pipelines Holding Company, and the remainder for working capital and general corporate purposes.
J.P. Morgan and BofA Securities are acting as joint book-running managers for the offering.
[ad_2]
