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Quanta Services (PWR) has issued an announcement.
Quanta Services, Inc. has entered into an agreement with a group of underwriters for a public offering of $600 million in Senior Notes due 2027 at a 4.750% interest rate, and $650 million in Senior Notes due 2034 at a 5.250% interest rate. The offering, detailed in a prospectus supplement, is scheduled to close on August 9, 2024, subject to customary conditions. The underwriters, who have various business relationships with the company, are indemnified under the agreement against certain liabilities. This financial maneuver is part of the company’s broader strategy to raise capital while navigating existing securities laws and regulations.
For detailed information about PWR stock, go to TipRanks’ Stock Analysis page.