debt
confidence high
sentiment neutral
materiality 0.60
Quanta Services prices $1.25B senior notes offering: $600M at 4.75% due 2027, $650M at 5.25% due 2034
QUANTA SERVICES, INC.
- Offering of $600M 4.750% senior notes due 2027 and $650M 5.250% senior notes due 2034 priced.
- Net proceeds to repay existing indebtedness, including borrowings from acquisition of Cupertino Electric.
- Pricing at 99.818% for 2027 notes and 99.409% for 2034 notes; closing expected August 9, 2024.
- Joint book-running managers include BofA, Wells Fargo, J.P. Morgan, PNC, Truist.