HOUSTON, Sept. 9, 2021 /PRNewswire/ — Quanta Services, Inc. (NYSE: PWR) announced today the pricing of its offering (the Offering) of (i) $500,000,000 aggregate principal amount of 0.950% senior notes due 2024 (the “2024 Notes”) at a price to the public of 99.946% of their face value, (ii) $500,000,000 aggregate principal amount of 2.350% senior notes due 2032 (the “2032 Notes”) at a price to the public of 99.939% of their face value and (iii) $500,000,000 aggregate principal amount of 3.050% senior notes due 2041 (together with the 2024 Notes and the 2032 Notes, the “Notes”) at a price to the public of 99.480% of their face value. The Offering is expected to close on September 23, 2021, subject to the satisfaction of customary closing conditions. Quanta intends to use the net proceeds from the Offering, 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 Company.
BofA Securities, Inc. and Wells Fargo Securities, LLC acted as joint book-running managers for the Offering.
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 September 14, 2020, and only by means of a