Latham & Watkins Advises Quanta Services in US$1.25 Billion Senior Notes Offering

Quanta Services, Inc. (NYSE: PWR) (Quanta) has announced the pricing of its offering of (i) US$600,000,000 aggregate principal amount of 4.75% senior notes due 2027 at a price to the public of 99.818% of their face value, and (ii) US$650,000,000 aggregate principal amount of 5.25% senior notes due 2034 at a price to the public of 99.409% of their face value. The offering is expected to close on August 9, 2024, subject to the satisfaction of customary closing conditions.

Latham & Watkins LLP represents Quanta in the offering with a capital markets team led by Houston partners Ryan Lynch and Ryan Maierson, with associates Clayton Heery, Ziyad Barghouthy, and David Lee. 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 Joshua Marnitz, with associate Cody Kermanian; and on benefits matters by Century City/Bay Area partner Julie Crisp, with associate Joseph Benedetto.