secwatch.observer — SEC 8-K summary
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Issuer:     QUANTA SERVICES, INC. (PWR)
CIK:        0001050915
Form:       8-K
Filed at:   2022-08-24T23:59:59+00:00
Accession:  0001193125-22-228039
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quanta Services establishes $1B commercial paper program and amends credit facility
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- August 23, 2022: Quanta Services entered into a $1.0 billion unsecured commercial paper program (CP Program) with an initial three dealers.
- CP notes may have maturities up to 397 days; proceeds used for general corporate purposes. No notes issued as of filing date.
- Eleventh Amendment to credit agreement permits using revolving borrowings to back CP Program and replaces LIBOR with Term SOFR as benchmark rate.
- Credit amendment also revises other terms to accommodate the CP Program structure.
- The CP notes are private placements exempt from SEC registration under Section 4(a)(2).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050915/000119312522228039/0001193125-22-228039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050915/000119312522228039/d351102d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-228039

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