PWR · News · 20260804N
Long-term Debt Issuance
QUANTA SERVICES, INC. · 2026-08-04 · Importance 58 · Surprise 42 · No source text
Quanta priced and completed a $2.0 billion senior unsecured notes offering on August 6, 2026. The issuance comprised $500 million of 4.850% notes due 2029, $750 million of 5.300% notes due 2033 and $750 million of 5.550% notes due 2036, with semi-annual interest payments. Net proceeds are intended for general corporate purposes, including repayment of borrowings under the commercial paper program and senior credit facility; the notes rank equally with existing senior unsecured debt but are structurally subordinated to subsidiary liabilities.
Key facts
- Quanta priced three new senior notes tranches totaling $2.0 billion: $500 million 4.850% due 2029, $750 million 5.300% due 2033, and $750 million 5.550% due 2036. source
- Quanta intends to use net proceeds from the notes for general corporate purposes including repayment of outstanding borrowings under its commercial paper program and senior credit facility. source
- The senior notes offering was expected to close on August 6, 2026. source
- Underwriting for the $2.0 billion senior notes was led by BofA Securities, Wells Fargo Securities, and J.P. Morgan Securities. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | committed | — | Quanta priced three new senior notes tranches totaling $2.0 billion: $500 million 4.850% due 2029, $750 million 5.300% due 2033, and $750… |
| cash | positive | committed | — | Quanta priced three new senior notes tranches totaling $2.0 billion: $500 million 4.850% due 2029, $750 million 5.300% due 2033, and $750… |
| net_income | negative | committed | — | Quanta priced three new senior notes tranches totaling $2.0 billion: $500 million 4.850% due 2029, $750 million 5.300% due 2033, and $750… |