Deal Description: On September 17, 2020, Quanta Services, Inc. (“Quanta”) announced the pricing of its public offering (the “Offering”) of $1.0 billion aggregate principal amount of its 2.900% Senior Notes due 2030. The Offering is expected to close on September 22, 2020, subject to the satisfaction of customary closing conditions.
Quanta intends to use the net proceeds from the Offering, together with cash on hand or drawings under its existing credit agreement's revolving credit facility, or a combination thereof, to repay the term loans under its existing credit agreement.
BofA Securities, Inc., Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, PNC Capital Markets LLC and Truist Securities, Inc. acted as joint book-running managers for the Offering.
Baker Botts L.L.P. represented Quanta in the Offering.
Baker Botts Lawyers/Office Involved:
Corporate: Gene Oshman (Partner, Houston); Jeremy Moore (Partner, Houston); Eileen Boyce (Senior Associate, Houston); Josh Gonzales (Associate, Houston); Jack Chadderdon (Associate, Houston); Shumaila Dhuka (Associate, Houston)
For more information, please see Quanta's news release by clicking here.
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