Quanta Services Announces Pricing of Senior Notes Offering

Core Viewpoint - Quanta Services, Inc. has announced the pricing of its offering of senior notes totaling $1.25 billion, which will be used to repay existing debt and finance a recent acquisition [1]. Group 1: Offering Details - The offering includes $600 million of 4.75% senior notes due in 2027, priced at 99.818% of face value [1]. - Additionally, it includes $650 million of 5.25% senior notes due in 2034, priced at 99.409% of face value [1]. - The offering is expected to close on August 9, 2024, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to repay existing indebtedness, including borrowings from Quanta's commercial paper program and short-term loan facility [1]. Group 3: Company Overview - Quanta Services is a leader in providing specialized infrastructure solutions across various industries, including utility, renewable energy, technology, communications, and pipelines [5]. - The company offers comprehensive services such as designing, installing, repairing, and maintaining energy and communications infrastructure [5]. - Quanta operates in the United States, Canada, Australia, and select international markets, possessing the resources and expertise to handle projects of various scopes [5].