Quanta Services Announces Pricing of Senior Notes Offering
Rhea-AI Summary
Quanta Services (NYSE: PWR) priced an offering of $2.0 billion in senior notes, consisting of $500 million of 4.850% notes due 2029 priced at 99.950% of face value, $750 million of 5.300% notes due 2033 priced at 99.757%, and $750 million of 5.550% notes due 2036 priced at 99.696%.
The offering is expected to close on August 6, 2026, subject to customary conditions. According to Quanta, net proceeds will be used for general corporate purposes, including repaying outstanding borrowings under its commercial paper program and senior credit facility. The notes are issued under an effective Form S-3 shelf registration.
Positive
- $2.0 billion senior notes issued across 2029, 2033 and 2036 maturities
- Fixed coupon rates between 4.850% and 5.550% locked in to 2036
- Proceeds earmarked to repay commercial paper and senior credit facility borrowings
Negative
- Issuance of $2.0 billion senior notes adds to gross debt before repayments
News Explained
Quanta has priced, but not yet closed, senior notes: closing is expected on
Sources and calculations
Key Figures
Previous Offering Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Aug 04 | Senior notes offering | Negative | -1.1% | Senior notes priced across three tranches; proceeds targeted repayment of existing debt. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
The tag-matched prior offering was followed by a -1.14% 24-hour reaction, providing one negative comparator.
Key Terms
senior notes financial
shelf registration statement regulatory
form s-3 regulatory
prospectus supplement regulatory
commercial paper program financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
BofA Securities, Inc., Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, PNC Capital Markets LLC, Truist Securities, Inc., BMO Capital Markets Corp., Citizens JMP Securities, LLC and
The Offering is being made pursuant to an effective shelf registration statement on Form S-3 previously filed with the
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any offer, solicitation or sale of the Notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Quanta Services
Quanta is an industry leader in providing specialized infrastructure solutions to the utility, power generation, load center, communications, pipeline and energy industries. Quanta's comprehensive services include designing, installing, repairing and maintaining energy, load center and communications infrastructure. With operations throughout the United States, Canada, Australia and select other international markets, Quanta has the manpower, resources and expertise to safely complete projects that are local, regional, national or international in scope.
Cautionary Statement About Forward-Looking Statements and Information
This press release (and any oral statements regarding the subject matter of this press release) contains forward-looking statements intended to qualify for the "safe harbor" from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements relating to the anticipated timing of the closing of the Offering and Quanta's intended use of proceeds therefrom, as well as statements reflecting expectations, intentions, assumptions or beliefs about future events and other statements that do not relate strictly to historical or current facts. Although Quanta's management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. These statements can be affected by inaccurate assumptions and by a variety of known and unknown risks and uncertainties that are difficult to predict or beyond Quanta's control, including, among others, those described in the prospectus supplement and accompanying base prospectus relating to the Offering and other risks and uncertainties detailed in Quanta's Annual Report on Form 10-K for the year ended December 31, 2025, Quanta's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2026 and June 30, 2026 and any other documents that Quanta files with the SEC. For a discussion of these risks, uncertainties and assumptions, investors are urged to refer to Quanta's documents filed with the SEC that are available through Quanta's website at www.quantaservices.com or through EDGAR at www.sec.gov. Should one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expressed or implied in any forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which are current only as of this date. Quanta does not undertake and expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Quanta further expressly disclaims any written or oral statements made by any third party regarding the subject matter of this press release.
|
|
|
|---|---|---|
Investors: | Media: | |
Kip Rupp, CFA, IRC | Mili Gosar | |
Sean Eastman | FGS Global | |
Quanta Services, Inc. | (832) 640-7570 | |
(713) 629-7600 |
View original content to download multimedia:https://www.prnewswire.com/news-releases/quanta-services-announces-pricing-of-senior-notes-offering-302841685.html
SOURCE Quanta Services, Inc.