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Benzinga
Benzinga
Business
Adam Eckert

Why Southwest Gas Shares Are Sliding After Hours

Southwest Gas NYSE Southwest Gas Holdings Inc

Southwest Gas Holdings Inc (NYSE:SWX) is trading lower in Monday's after-hours session after the company announced it commenced an underwritten public offering of $400 million of its common stock.

Southwest Gas said it intends to use the proceeds to repay outstanding borrowings under the 364-day term loan credit agreement that was used to fund the company's acquisition of Questar Pipeline.

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