Southwest Gas prices $207M in stock offering
- Southwest Gas (NYSE:SWX) priced an underwritten public offering of 3.6M shares at a public offering price of $60.12/share, for net proceeds of ~$207.7M.
- Offer is expected to close on Mar.10, 2023.
- Underwriters granted 30-day option to purchase up to an additional 536,427 shares of common stock.
- Net proceeds to be used for repaying 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 for the MountainWest Pipelines acquisition.