Southwest Gas Holdings Inc.
Description
Priced an underwritten public offering of 5.5 million shares of its common stock at a public offering price of $74 per share. Underwriters have been granted a 30-day option to purchase up to an additional 825,000 shares of common stock. Net proceeds will be used to repay outstanding borrowings under the 364-day term loan credit agreement that was used to fund the company’s acquisition of Questar Pipelines. J.P. Morgan and BofA Securities are joint book-running managers. KeyBanc Capital Markets, MUFG, TD Securities, BNY Mellon Capital Markets LLC, US Bancorp and Well Fargo Securities are co-managers. Lazard Frères & Co. LLC is financial adviser.