Quanta Services Inc.,

Description

Priced its offering of $500 million of 0.950% senior notes due 2024 at a price to the public of 99.946% of their face value, $500 million of 2.350% senior notes due 2032 at a price to the public of 99.939% of their face value and $500 million of 3.050% senior notes due 2041 at a price to the public of 99.480% of their face value. Proceeds will be used, together with borrowings under the term loan facility it is negotiating, which the company expects to enter following the closing of the offering, as well as borrowings under its revolving credit facility or cash on hand, or a combination thereof, if necessary, to finance the cash portion of the consideration for its pending acquisition of Blattner Holding Co. BofA Securities Inc. and Wells Fargo Securities LLC are joint book-running managers.

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Estimated Price
$1,500.0MM
Financing Type
Report Date