Latham & Watkins Advises Quanta on US$1.5 Billion Senior Notes Offering

Quanta Services, Inc. (NYSE: PWR) (Quanta) has announced the pricing of its offering (the Offering) of (i) US$500 million aggregate principal amount of 4.300% senior notes due 2028 at a price to the public of 99.963% of their face value, (ii) US$500 million aggregate principal amount of 4.500% senior notes due 2031 at a price to the public of 99.731% of their face value, and (iii) US$500 million aggregate principal amount of 5.100% senior notes due 2035 at a price to the public of 99.705% of their face value. The Offering is expected to close on August 7, 2025, subject to the satisfaction of customary closing conditions. Quanta intends to use the net proceeds from the Offering to repay existing indebtedness, including borrowings incurred under its commercial paper program and its senior credit facility.

Latham & Watkins LLP represented Quanta in the transaction with a corporate team led by Houston partners Ryan Lynch and Ryan Maierson, with associates Clayton Heery, Ziyad Barghouthy, David Lee, and Andy Sorensen. Advice was also provided on tax matters by Houston partners Tim Fenn and Jared Grimley, with associate Molly Elkins; on environmental matters by Los Angeles/Houston partner Josh Marnitz, with associate Brandon Kerns; on benefits and employment matters by Los Angeles partner Julie Crisp, with associate Joe Benedetto; and on intellectual property matters by Austin associate Andrew Abokhair.