debt
confidence high
sentiment neutral
materiality 0.50
Quanta Services issues $1.25B in senior notes: $600M at 4.750% due 2027, $650M at 5.250% due 2034
QUANTA SERVICES, INC.
- $600M 4.750% Senior Notes due 2027 and $650M 5.250% Senior Notes due 2034 issued on August 9, 2024.
- Notes are senior unsecured, rank equally with existing and future senior unsecured debt, structurally subordinated to subsidiary liabilities.
- Interest payable semi-annually starting Feb 9, 2025; 2027 notes mature Aug 9, 2027; 2034 notes mature Aug 9, 2034.
- Change of control trigger allows holders to require repurchase at 101% of principal plus accrued interest.
- Indenture includes customary covenants limiting liens, sale-leasebacks, and asset sales/mergers.