Southwest Gas to fully repay revolver debt via new note proceeds

By Tali Rackner

Minneapolis, March 12 – Southwest Gas Corp. plans to use $282 million of the net proceeds from a new senior note offering to fully repay the amounts outstanding under the revolving portion of its credit facility, according to a 424B5 filing with the Securities and Exchange Commission.

As of March 9, there was $332 million outstanding under the facility, including $50 million in commercial paper, which matures on March 28, 2022.

The remaining proceeds will be used to repay amounts outstanding under the commercial paper program under the credit facility.

The natural gas distributor is based in Las Vegas.

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