Southwest Gas to issue 10-year senior notes through four bookrunners

By Devika Patel

Knoxville, Tenn., June 1 – Southwest Gas Corp. expects to price senior notes due 2030, according to a 424B5 filed with the Securities and Exchange Commission.

The notes feature a make-whole call until six months prior to maturity and then a par call.

KeyBanc Capital Markets Inc., MUFG, TD Securities (USA) LLC and U.S. Bancorp Investments Inc. are the bookrunners. Blaylock Van, LLC, Penserra Securities LLC and Samuel A. Ramirez & Co. Inc. are the co-managers.

Proceeds will be used to redeem the company’s $125 million of 4.45% senior notes due 2020 in full, to reduce borrowings under its credit facility and for general corporate purposes.

The natural gas distributor is based in Las Vegas.

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