September 10, 2021
Quanta Services, Inc. (NYSE: PWR) has announced the pricing of its offering of (i) US$500,000,000 aggregate principal amount of 0.95% senior notes due 2024 at a price to the public of 99.946% of their face value, (ii) US$500,000,000 aggregate principal amount of 2.35% senior notes due 2032 at a price to the public of 99.939% of their face value and (iii) US$500,000,000 aggregate principal amount of 3.05% senior notes due 2041 at a price to the public of 99.48% 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 toward financing the cash portion of the consideration for its pending acquisition of Blattner Holding Company.
Latham & Watkins LLP represents Quanta Services, Inc. in the notes offering with a corporate deal team led by Houston partner Ryan Maierson, with Houston associates Ryan Lynch, Clayton Heery, Jessica Sherman, and Anji Yuan. Advice was also provided on tax matters by Houston partner Tim Fenn, with Houston associates Jared Grimley and Chelsea Muñoz-Patchen; on environmental matters by Washington, D.C. partner James Barrett, Los Angeles counsel Josh Marnitz, with Los Angeles associate Cody Kermanian; and on employment and benefits matters by Century City partner Julie Crisp, with Los Angeles associate Joe Benedetto.