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Southwest Gas Prices Of 3.58 Mln Share Underwritten Public Offering At $60.12/share

RTTNews | 795 dagar sedan

Southwest Gas Prices Of 3.58 Mln Share Underwritten Public Offering At $60.12/share

(RTTNews) - Southwest Gas Holdings, Inc. (SWX) announced Wednesday that it has priced an underwritten public offering of 3.58 million shares of its common stock at a public offering price of $60.12 per share, for net proceeds, after the underwriting discount and before the estimated expenses of the offering payable by the Company, of approximately $207.7 million.

The offering is expected to close on March 10, 2023, subject to customary closing conditions. The Company has granted the underwriters a 30-day option to purchase up to an additional 536,427 shares of common stock.

The Company intends to use the net proceeds from the offering to repay 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 in connection with the acquisition of MountainWest Pipelines Holding Company, and the remainder for working capital and general corporate purposes.

J.P. Morgan and BofA Securities are acting as joint book-running managers for the offering. MUFG, BTIG, KeyBanc Capital Markets, TD Securities, Well Fargo Securities and BNY Mellon Capital Markets, LLC are acting as co-managers.

Taggar: SWX

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Southwest Gas Q4 Results Top Estimates

Southwest Gas Q4 Results Top Estimates

Southwest Gas Holdings, Inc. (SWX) reported Wednesday net income for the fourth quarter of $72.87 million or $1.01 per share, compared to a net loss of $280.58 million or $4.18 per share in the prior-year quarter.

RTTNews | 438 dagar sedan

Southwest Gas Q2 Results Top Estimates

Southwest Gas Q2 Results Top Estimates

Southwest Gas Holdings, Inc. (SWX) reported Wednesday net income for the second quarter of $28.88 million or $0.40 per share, compared to a net loss of $6.58 million or $0.10 per share in the prior-year quarter. Excluding items, adjusted earnings per share were $0.47 per share, compared to $0.23 per share last year.

RTTNews | 641 dagar sedan

Williams To Acquire MountainWest Pipelines From Southwest Gas In $1.5 Bln Deal

Williams To Acquire MountainWest Pipelines From Southwest Gas In $1.5 Bln Deal

Williams Cos. (WMB) announced Thursday that it has reached an agreement to acquire MountainWest Pipelines Holding Co. from Southwest Gas Holdings, Inc. (SWX), in a transaction including $1.07 billion of cash and $0.43 billion of assumed debt, for an enterprise value of $1.5 billion.

RTTNews | 878 dagar sedan

KOSPI May Extend Friday's Losses

KOSPI May Extend Friday's Losses

The South Korea stock market on Friday ended the three-day winning streak in which it had risen more than 20 points or 0.8 percent. The KOSPI now sits just shy of the 2,580-point plateau and the losses may accelerate on Monday.

RTTNews | 12 minuter sedan

Japan Data On Tap For Monday

Japan Data On Tap For Monday

Japan is scheduled to see a few reports on Monday, highlighting a very light day for Asian-Pacific economic activity. On tap are current account figures for March and April numbers for bank lending and the Eco Watchers Survey.

RTTNews | 1h 12minuter sedan

U.S. Dollar Declines On Trade Deal Optimism

U.S. Dollar Declines On Trade Deal Optimism

The U.S. dollar weakened against its major counterparts in the New York session on Friday as investors looked ahead to discussions between the U.S. and China scheduled for this weekend.

RTTNews | 2 dagar sedan

Swiss Market Ends On Positive Note

Swiss Market Ends On Positive Note

The Swiss market closed higher on Friday as easing concerns about trade tensions following the announcement of a trade deal between the U.S. and U.K., and upcoming talks between U.S. and China helped keep the mood positive.

RTTNews | 2 dagar sedan

European Stocks Close On Firm Note On Trade Deal Optimism, Earnings

European Stocks Close On Firm Note On Trade Deal Optimism, Earnings

European stocks closed higher on Friday amid optimism about the U.S. and China agreeing on a trade deal this weekend, close on the heels of U.S. President Donald Trump unveiling the framework of a trade agreement with the U.K. on Thursday.

RTTNews | 2 dagar sedan

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