Southwest Gas offers $300 million of fixed-rate senior notes

Chicago, March 21 – Southwest Gas Corp. is offering $300 million of fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission on Tuesday morning.

There will be make-whole call provisions and a par call option that starts a number of months before the maturity date.

The notes will not be obligations of parent Southwest Gas Holdings, Inc.

BofA Securities, Inc. and J.P. Morgan Securities LLC are working as the joint bookrunners.

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

Morrison & Foerster LLP are working as counsel for the issuer, and Davis Polk & Wardwell LLP is advising the bookrunners.

Proceeds will be used to repay amounts outstanding under the company’s credit facility and for general corporate purposes.

The natural gas distributor is based in Las Vegas.

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