LAS VEGAS, Sept. 9 /PRNewswire-FirstCall/ -- Southwest Gas Corporation
(NYSE: SWX) has called for redemption all of its 9.125% trust debt securities
issued to Southwest Gas Capital I (SWX PA). The redemption will be effective
on September 24, 2003. All of the outstanding 9.125% Trust Originated
Preferred Securities of Southwest Gas Capital I will also be redeemed on
September 24, 2003 at a redemption price of $25 per preferred security,
totaling $60 million, plus accrued interest of $1.3 million, in accordance
with the terms of the Amended and Restated Declaration of Trust of Southwest
Capital I. The redemption will be financed with the proceeds from the
recently completed $100 million 7.70% trust preferred securities offering.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010823/SWXLOGO )
SOURCE Southwest Gas Corporation
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Related links:
http://www.swgas.com
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http://www.newscom.com/cgi-bin/prnh/20010823/SWXLOGO
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CONTACT:
Kenneth J. Kenny, Investor Relations of
Southwest Gas Corporation, +1-702-876-7117
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