Quanta Services prices new senior notes due 2029–2036
Quanta Services, Inc. entered into an underwriting agreement for an underwritten public offering of three series of senior notes: $500,000,000 of 4.850% notes due 2029, $750,000,000 of 5.300% notes due 2033 and $750,000,000 of 5.550% notes due 2036.
Rhea-AI Filing Summary
Quanta Services, Inc. entered into an underwriting agreement for an underwritten public offering of three series of senior notes: $500,000,000 of 4.850% notes due 2029, $750,000,000 of 5.300% notes due 2033 and $750,000,000 of 5.550% notes due 2036. The notes were priced slightly below face value, with public offering prices of 99.950%, 99.757% and 99.696% of principal amount, respectively, and the offering is expected to close on August 6, 2026, subject to customary conditions.
Quanta plans to use the net proceeds for general corporate purposes, including repaying borrowings under its commercial paper program and senior credit facility. The notes are being issued under an effective shelf registration statement on Form S-3, with a syndicate of major banks acting as joint book-running managers.
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Filing Explained
The August 3 8-K reports a priced underwritten sale of senior notes, not common shares; if it closes on
8-K Event Classification
Key Figures
Key Terms
underwritten public offering financial
senior notes financial
shelf registration statement on Form S-3 regulatory
commercial paper program financial
joint book-running managers financial
forward-looking statements regulatory
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 1.01 | Entry into a Material Definitive Agreement. |
On August 3, 2026, Quanta Services, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, PNC Capital Markets LLC and Truist Securities, Inc., as representatives of the several underwriters named in Schedule A to the Underwriting Agreement (the “Underwriters”), with respect to the issuance and sale in an underwritten public offering (the “Offering”) by the Company of (i) $500,000,000 aggregate principal amount of the Company’s 4.850% Senior Notes due 2029 (the “2029 Notes”), (ii) $750,000,000 aggregate principal amount of the Company’s 5.300% Senior Notes due 2033 (the “2033 Notes”) and (iii) $750,000,000 aggregate principal amount of the Company’s 5.550% Senior Notes due 2036 (together with the 2029 Notes and the 2033 Notes, the “Notes”).
The material terms of the Offering are described in the prospectus supplement dated August 3, 2026, as filed by the Company with the Securities and Exchange Commission (the “Commission”). The offer and sale of the Notes is registered with the Commission pursuant to the Company’s Registration Statement on Form S-3 (File No. 333-281209) that was filed with the Commission on August 2, 2024. Subject to the satisfaction of customary conditions to closing, the transactions contemplated by the Underwriting Agreement will be consummated on August 6, 2026.
The Underwriting Agreement contains customary indemnification and contribution provisions whereby the Company, on the one hand, and the Underwriters, on the other hand, have agreed to indemnify each other against certain liabilities, including liabilities under the Securities Act.
The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Underwriting Agreement, a copy of which is filed as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Some of the Underwriters and their affiliates have engaged in, and may in the future engage in, investment banking and other commercial dealings in the ordinary course of business with the Company and its affiliates. They have received, or may in the future receive, customary fees and commissions for these transactions. In particular, several of the Underwriters or their affiliates have a lending relationship with the Company or serve as a broker in executing stock repurchases, or both, and U.S. Bank Trust Company, National Association, the trustee, is also an affiliate of U.S. Bancorp Investments, Inc., one of the Underwriters.
| Item 7.01 | Regulation FD Disclosure. |
On August 3, 2026, the Company issued a press release announcing the pricing of the Offering. A copy of the press release is being furnished as Exhibit 99.1 to this Report and is incorporated herein by reference.
The information furnished in Item 7.01 of this Report, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and shall not be incorporated by reference in any filing under the Securities Act, except as expressly set forth by specific reference in such a filing.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit Number |
Description | |
| 1.1 | Underwriting Agreement, dated August 3, 2026, by and among Quanta Services, Inc. and BofA Securities, Inc., Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, PNC Capital Markets LLC and Truist Securities, Inc., as representatives of the several underwriters named therein. | |
| 99.1 | Press Release dated August 3, 2026. | |
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document). | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated August 4, 2026 | Quanta Services, Inc. | |||||
| By: | /s/ Jayshree Desai | |||||
| Name: | Jayshree Desai | |||||
| Title: | Chief Financial Officer | |||||
Exhibit 99.1
PRESS RELEASE
FOR IMMEDIATE RELEASE
26-15
| Investors: | Media: | |
| Kip Rupp, CFA, IRC | Mili Gosar | |
| Sean Eastman | FGS Global | |
| Quanta Services, Inc. | (832) 640-7570 | |
| (713) 629-7600 |
QUANTA SERVICES ANNOUNCES PRICING OF SENIOR NOTES OFFERING
HOUSTON – August 3, 2026 – Quanta Services, Inc. (NYSE: PWR) (“Quanta”) announced today the pricing of its offering (the “Offering”) of (i) $500,000,000 aggregate principal amount of 4.850% senior notes due 2029 (the “2029 Notes”) at a price to the public 99.950% of their face value, (ii) $750,000,000 aggregate principal amount of 5.300% senior notes due 2033 (the “2033 Notes”) at a price to the public 99.757% of their face value, and (iii) $750,000,000 aggregate principal amount of 5.550% senior notes due 2036 (the “2036 Notes”, and together with the 2029 Notes and the 2033 Notes, the “Notes”) at a price to the public 99.696% of their face value. The Offering is expected to close on August 6, 2026, subject to the satisfaction of customary closing conditions. Quanta intends to use the net proceeds from the Offering for general corporate purposes, including the repayment of outstanding borrowings under its commercial paper program and its senior credit facility.
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 U.S. Bancorp Investments, Inc. acted as joint book-running managers for the Offering with respect to the 2029 Notes, BofA Securities, Inc., Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, PNC Capital Markets LLC, Truist Securities, Inc., Citizens JMP Securities, LLC, CIBC World Markets Corp. and RBC Capital Markets, LLC acted as joint book-running managers for the Offering with respect to the 2033 Notes and BofA Securities, Inc., Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, PNC Capital Markets LLC, Truist Securities, Inc., BMO Capital Markets Corp., BBVA Securities Inc. and BNP Paribas Securities Corp. acted as joint book-running managers for the Offering with respect to the 2036 Notes.
The Offering is being made pursuant to an effective shelf registration statement on Form S-3 previously filed with the U.S. Securities and Exchange Commission (the “SEC”) on August 2, 2024, and only by means of a prospectus supplement and accompanying base prospectus. Copies of the prospectus supplement and accompanying base prospectus relating to the Offering may be obtained from BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, Email: dg.prospectus_requests@bofa.com; Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, Minnesota 55402, Attention: WFS Customer Service, Email: wfscustomerservice@wellsfargo.com or toll-free at 1-800-645-3751; J.P. Morgan Securities LLC, telephone collect at 1-212-834-4533; PNC Capital Markets LLC, toll-free at 1-855-881-0697 or email: pnccmprospectus@pnc.com; and Truist Securities, Inc., Telephone 1-800 685-4786 or email TruistSecurities.prospectus@Truist.com. You may also obtain these documents free of charge by visiting the Electronic Data Gathering and Analysis Retrieval System (EDGAR) on the SEC’s website at www.sec.gov.
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.