Quanta Services, Inc. announced the issuance of $2.0 billion in aggregate principal amount of senior unsecured notes on August 6, 2026. The offering consists of three separate tranches with varying interest rates and maturity dates in 2029, 2033, and 2036.
Key Details
- Note Tranches: The offering 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.
- Terms & Payment: The notes are senior unsecured obligations. Interest is payable semi-annually in arrears on February 9 and August 9 of each year, commencing on February 9, 2027.
- Covenants & Redemption: The notes are redeemable at the company's option under specified terms. The indenture also contains covenants that limit liens and certain sale-leaseback transactions, and includes a provision for holders to require the company to repurchase their notes at 101% of principal upon a Change of Control Triggering Event.