Loan & DebtAug 6, 2026, 04:13 PM
Quanta Services Issues $2.0B Senior Notes Across Three Tranches
AI Summary
Quanta Services, Inc. announced the issuance of $2.0 billion in aggregate principal amount of senior notes across three tranches. This includes $500 million of 4.850% Senior Notes due 2029, $750 million of 5.300% Senior Notes due 2033, and $750 million of 5.550% Senior Notes due 2036. The Notes are senior unsecured obligations, with interest payable semi-annually, and are redeemable at the company's option under specified terms.
Key Highlights
- Issued $500,000,000 aggregate principal amount of 4.850% Senior Notes due 2029.
- Issued $750,000,000 aggregate principal amount of 5.300% Senior Notes due 2033.
- Issued $750,000,000 aggregate principal amount of 5.550% Senior Notes due 2036.
- Total aggregate principal amount of Notes issued is $2,000,000,000.
- Interest on the Notes is payable semi-annually, commencing February 9, 2027.
- The Notes are senior unsecured obligations, ranking equally with existing and future senior unsecured indebtedness.
- The Notes are effectively junior to secured indebtedness and structurally subordinated to subsidiary liabilities.
Price Impact
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