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CM - Southwest Gas sells 10-year notes to redeem 2020 maturity - June 2020

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Southwest Gas Corp. completed a public offering of $450 million aggregate principal amount of 2.2% senior notes due 2030 on June 4. The notes were sold at 99.874 for a yield to maturity of 2.214%. Adjusted for the new notes, Southwest Gas has total long-term debt of about $2.29 billion, excluding current maturities of $605 million Net proceeds of around $446 million will be used redeem the $125 million outstanding of the company’s 4.45%......
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