Southwest Gas to offer 10-year senior notes via four bookrunners

By Devika Patel

Knoxville, Tenn., March 17 – Southwest Gas Corp. expects to price senior notes due 2032, according to a 424B5 filed with the Securities and Exchange Commission.

The notes feature a make-whole call until three 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.

Bank of New York Mellon Trust Co., NA is the trustee.

Counsel to the issuer will be provided by Morrison & Foerster LLP and to the underwriters by Ballard Spahr LLP.

Proceeds will be used to repay the company’s $250 million 3.875% senior notes due 2022 and borrowings under its credit facility and for general corporate purposes.

The natural gas distributor is based in Las Vegas.

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