Quanta Services’ $1.0 Billion Notes Offering

Baker Botts L.L.P advised Quanta Services, while Cahill represented the underwriters on the deal.

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 Services, Inc. provides specialized contracting services to electric utilities, telecommunication, cable television operators, and governmental entities. The Company also installs transportation control and lighting systems and provides specialty electric power and communication services for industrial and commercial customers.

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.

The Baker Botts team was led by Gene Oshman (Picture) and also included Jeremy Moore (Partner, Houston), Eileen Boyce (Senior Associate, Houston), Josh Gonzales (Associate, Houston), Jack Chadderdon (Associate, Houston), Shumaila Dhuka (Associate, Houston),  Derek Green (Partner, Houston) and Dominick Constantino (Associate, Houston).

Cahill represented the underwriters Josiah M. Slotnick, Joshua D. Goldberg, Alla Digilova, Loren D. Goodman, and Rachel Lerman.

Involved fees earner: Eileen Boyce – Baker Botts; Jack Chadderdon – Baker Botts; Dominick Constantino – Baker Botts; Shumaila Dhuka – Baker Botts; Josh Gonzales – Baker Botts; Derek Green – Baker Botts; Jeremy Moore – Baker Botts; Gene Oshman – Baker Botts; Alla Digilova – Cahill Gordon & Reindel; Joshua Goldberg – Cahill Gordon & Reindel; Loren Goodman – Cahill Gordon & Reindel; Rachel Lerman – Cahill Gordon & Reindel; Josiah Slotnick – Cahill Gordon & Reindel;

Law Firms: Baker Botts; Cahill Gordon & Reindel;

Clients: Bank of America Securities; J.P. Morgan Securities LLC; PNC Capital Markets LLC; Quanta Services Inc; Truist Securities Inc. ; Wells Fargo Securities;

Author: Ambrogio Visconti