Southwest Gas Holdings $247.3 million stock offering
The shares are listed on the NYSE
Davis Polk advised the representatives of the several underwriters in connection with a $247.3 million public offering of 4,112,607 shares of common stock of Southwest Gas Holdings, Inc., which includes 536,427 shares from the full exercise of the underwriters’ option to purchase additional shares. The common stock is listed on the NYSE under the symbol “SWX.”
Southwest Gas Holdings engages in the business of purchasing, distributing and transporting natural gas and providing comprehensive utility infrastructure services across North America. Southwest Gas safely and reliably delivers natural gas to over two million customers in Arizona, California and Nevada. It also partners with regulated utilities to build and maintain the energy network that powers millions of homes and businesses across the United States and Canada.
The Davis Polk capital markets team included partner Derek Dostal and associates Michael Jiang, Helen H. Ferrall and Kanger Jin. The tax team included partner Michael Farber and associate Eitan Ulmer. Counsel Loyti Cheng and associate Timothy J. Sullivan provided environmental advice. All members of the Davis Polk team are based in the New York office.