HOUSTON, Aug. 7, 2024 /PRNewswire/ — Quanta Products and services, Inc. (NYSE: PWR) (“Quanta”) introduced nowadays the pricing of its providing (the “Offering”) of (i) $600,000,000 combination predominant quantity of four.75% senior notes due 2027 (the “2027 Notes”) at a value to the people 99.818% in their face price, and (ii) $650,000,000 combination predominant quantity of five.25% senior notes due 2034 (the “2034 Notes” and, along with the 2027 Notes, the “Notes”) at a value to the people 99.409% in their face price. The Providing is predicted to near on August 9, 2024, topic to the delight of standard terminating situations. Quanta intends to usefulness the web proceeds from the Providing to pay off present indebtedness, together with borrowings incurred below its business paper program and its temporary mortgage facility to finance the money attention paid through Quanta in its contemporary acquisition of Cupertino Electrical, Inc.
BofA Securities, Inc., Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, PNC Capital Markets LLC, Truist Securities, Inc. and Voters JMP Securities, LLC acted as joint book-running managers for the Providing with appreciate to the 2027 Notes, and BofA Securities, Inc., Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, PNC Capital Markets LLC, Truist Securities, Inc. and BMO Capital Markets Corp. acted as joint book-running managers for the Providing with appreciate to the 2034 Notes.
The Providing is being made pursuant to an efficient shelf registration commentary on Mode S-3 up to now filed with the U.S. Securities and Change Fee (the “SEC”) on August 2, 2024, and handiest by the use of a prospectus complement and accompanying bottom prospectus. Copies of the prospectus complement and accompanying bottom prospectus in terms of the Providing is also received from BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Boulevard, Charlotte, North Carolina 28255-0001, Consideration: Prospectus Area, Electronic mail: [email protected]; Wells Fargo Securities, LLC, 608 second Street South, Suite 1000, Minneapolis, Minnesota 55402, Consideration: WFS Buyer Carrier, Electronic mail: [email protected] or toll-free at 1-800-645-3751; J.P. Morgan Securities LLC, 383 Madison Street, Unutilized York, Unutilized York 10179, Consideration: Funding Grade Syndicate Table, third Flooring, phone pack at 1-212-834-4533; PNC Capital Markets LLC, toll-free at 1-855-881-0697 or electronic mail: [email protected]; and Truist Securities, Inc., 3333 Peachtree Highway NE, ninth flooring, Atlanta, Georgia 30326, Consideration: Prospectus Area, Phone 1-800 685-4786 or electronic mail [email protected]. You may additionally download those paperwork loose of price through visiting the Digital Knowledge Amassing and Research Retrieval Device (EDGAR) at the SEC’s web page at www.sec.gov.
This information leave does now not represent an deal to promote or a solicitation of an deal to shop for the securities described herein, nor shall there be any deal, solicitation or sale of the Notes in any climate or jurisdiction by which such an deal, solicitation or sale can be illegal previous to registration or qualification below the securities regulations of such a climate or jurisdiction.
About Quanta Products and services
Quanta is an business chief in offering specialised infrastructure answers to the significance, renewable power, generation, communications, pipeline, and effort industries. Quanta’s complete services and products come with designing, putting in, repairing and keeping up power, generation and communications infrastructure. With operations all the way through america, Canada, Australia and make a choice alternative world markets, Quanta has the manpower, sources and experience to securely entire tasks which might be native, regional, nationwide or world in scope.
Ahead Having a look Statements
This press leave (and any oral statements relating to the subject material of this press leave) accommodates forward-looking statements supposed to qualify for the “safe harbor” from legal responsibility established through the Personal Securities Litigation Reform Office of 1995. Ahead-looking statements come with, however don’t seem to be restricted to, statements in terms of the predicted timing of the terminating of the Providing and Quanta’s supposed usefulness of proceeds therefrom, in addition to statements reflecting expectancies, intentions, suppositions or ideals about era occasions and alternative statements that don’t relate strictly to ancient or wave info. Even if Quanta’s control believes that the expectancies mirrored in such forward-looking statements are affordable, it can provide incorrect contract that such expectancies will end up to be proper. Those statements may also be suffering from erroneous suppositions and through various identified and unknown dangers and uncertainties which might be tough to are expecting or past Quanta’s regulate, together with, amongst others, the ones described within the prospectus complement and accompanying bottom prospectus in terms of the Providing and alternative dangers and uncertainties colorful in Quanta’s Annual Document on Mode 10-Okay for the month ended December 31, 2023, Quanta’s Quarterly Experiences on Mode 10-Q for the quarters ended March 31, 2024 and June 30, 2024 and any alternative paperwork that Quanta information with the SEC. For a dialogue of those dangers, uncertainties and suppositions, traders are suggested to the following Quanta’s paperwork filed with the SEC which might be to be had via Quanta’s web page at www.quantaservices.com or via EDGAR at www.sec.gov. Must a number of of those dangers materialize, or must underlying suppositions end up flawed, untouched effects might range materially from the ones expressed or implied in any forward-looking statements. Traders are cautioned to not playground undue reliance on those forward-looking statements, which can be wave handiest as of this hour. Quanta does now not adopt and expressly disclaims any legal responsibility to replace or revise any forward-looking statements, whether or not on account of unutilized knowledge, era occasions or differently. Quanta additional expressly disclaims any written or oral statements made through any 3rd celebration relating to the subject material of this press leave.
Contacts: |
Jayshree Desai, CFO |
Media – Liz James |
Kip Rupp, CFA, IRC – Traders |
FGS World |
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Quanta Products and services, Inc. |
(281) 881-5170 |
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(713) 629-7600 |
SOURCE Quanta Products and services, Inc.