Southwest Gas Holdings Closes $525M Registered Offering Of 27.4M Centuri Shares At $19.60; Fully Exits Stake In Centuri Holdings

Author: Benzinga Newsdesk | September 05, 2025 03:08pm

Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas Holdings" or the "Company") today announced the closing of the previously announced registered public offering of Centuri Holdings, Inc. (NYSE:CTRI) ("Centuri") common stock (the "Offering"). Southwest Gas Holdings, as the selling stockholder, sold 27,362,210 existing shares of Centuri's common stock at a price to the public of $19.60 per share.

Southwest Gas Holdings received net proceeds of approximately $525 million from the Offering, after deducting the Underwriter's discount and commission. Following the completion of the Offering, Southwest Gas Holdings no longer owns any shares of Centuri's common stock.

Posted In: CTRI SWX