debt
confidence high
sentiment positive
materiality 0.80
Quanta Services prices $1.5B senior notes offering (0.95% 2024, 2.35% 2032, 3.05% 2041) to fund Blattner acquisition
QUANTA SERVICES, INC.
- Issued $500M each of 0.950% notes due 2024, 2.350% notes due 2032, and 3.050% notes due 2041.
- Pricing: 99.946% for 2024 notes, 99.939% for 2032 notes, 99.480% for 2041 notes.
- Net proceeds will help finance cash portion of pending Blattner Holding Company acquisition, along with new term loan and revolver borrowings.
- Expected to close on Sept 23, 2021, subject to customary conditions.
- BofA Securities and Wells Fargo Securities acted as joint book-running managers.