Intends to List Centuri Group under 'CTRI'
on the NYSE
LAS
VEGAS, March 22, 2024 /PRNewswire/
-- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas"
or the "Company") today announced that, in connection with the
previously announced planned separation of its wholly owned
subsidiary, Centuri Group, Inc., its utility infrastructure
business, Centuri Holdings, Inc. ("Centuri"), has publicly filed a
registration statement on Form S-1 with the U.S. Securities and
Exchange Commission ("SEC") relating to a proposed initial public
offering of its common stock. The timing, number of shares to be
offered and the price range for the proposed offering have not yet
been determined. Centuri intends to list its common stock on the
New York Stock Exchange ("NYSE") under the ticker symbol
"CTRI."
UBS Investment Bank, BofA Securities and J.P. Morgan are acting
as joint lead book-running managers for the proposed offering.
Wells Fargo Securities is acting as a book-running manager for the
proposed offering. Baird, KeyBanc Capital Markets and Siebert Williams Shank will act as co-managers
for the proposed offering.
The proposed offering will be made only by means of a
prospectus. Copies of the preliminary prospectus, when available,
may be obtained from the SEC at www.sec.gov, and from: UBS
Securities LLC, Attn: Prospectus Department, 1285 Avenue of the
Americas, New York, NY 10019 or
email: ol-prospectusrequest@ubs.com; BofA Securities, Attention:
Prospectus Department, NC1-022-02-25, 201 North Tryon Street,
Charlotte, North Carolina
28255-0001 or by email at dg.prospectus_requests@bofa.com; or J.P.
Morgan Securities LLC, Attention: Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood,
NY 11717, by telephone at 866-803-9204 or by email at
prospectus-eq_fi@jpmorganchase.com.
A registration statement relating to these securities has been
filed with the SEC but has not yet become effective. These
securities may not be sold, nor may offers to buy be accepted prior
to the time the registration statement becomes effective. This
press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities. Any offers,
solicitations or offers to buy, or any sales of securities will be
made in accordance with the registration requirements of the
Securities Act of 1933, as amended.
About Southwest Gas
Southwest Gas Holdings, Inc., through its subsidiaries, engages
in the business of purchasing, distributing and transporting
natural gas, and providing comprehensive utility infrastructure
services across North America.
Southwest Gas Corporation is a dynamic energy company committed to
exceeding the expectations of over 2 million customers throughout
Arizona, Nevada, and California by providing safe and reliable
service while innovating sustainable energy solutions to fuel the
growth in its communities.
About Centuri
Centuri Group, Inc. is a strategic utility infrastructure
services company that partners with regulated utilities to build
and maintain the energy network that powers millions of homes and
businesses across the United
States and Canada. Centuri
is a subsidiary of Southwest Gas.
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SOURCE Southwest Gas Holdings, Inc.