debt
confidence high
sentiment neutral
materiality 0.60
Quanta Services issues $2B in three tranches of senior notes due 2029, 2033, 2036
QUANTA SERVICES, INC.
- $500M 4.850% notes due 2029, $750M 5.300% notes due 2033, $750M 5.550% notes due 2036.
- Notes are senior unsecured, rank equally with existing senior unsecured debt.
- Interest payable semi-annually on Feb 9 and Aug 9, starting Feb 9, 2027.
- Change of control put at 101% of principal plus accrued interest.
- Underwriting agreement with BofA, Wells Fargo, J.P. Morgan, PNC, Truist.