5.300% Senior Notes due 2033
Note · Quanta Services, Inc.
Reference: 5.300% Senior Notes due 2033
- Original principal
- USD 750,000,000
- Outstanding
- —
- Commitment
- —
- Availability
- —
- Maturity
- Aug 9, 2033
Last reported interest terms: 5.3% Reported 2026-08-06 Later filings may not restate these terms; this does not confirm they still apply.
Verified covenant terms
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Section 2.04 · Limitation on Liens
Except as provided below, the Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, create, incur, issue, assume, guarantee or permit to exist any indebtedness for borrowed money ("Indebtedness") secured by a Lien on any Principal Property or any shares of stock of or any Indebtedness of any Restricted Subsidiary, whether owned on the date of issuance of the Notes or thereafter acquired, unless the Company substantially contemporaneously secures the Notes…
Defined terms:
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Principal Property: means any manufacturing plant or other similar facility (including Production Machinery and Equipment located thereon), corporate office, equipment yard, maintenance facility, training facility or warehouse owned by the Company or any Subsidiary, which is located within the United States (excluding its territories and possessions), in each case having a net book value in excess of 1% of Consolidated Net Tangible Assets other than (i) any such plant, facility or property which the Company's Board of Directors determines in good faith is not of material importance to the total business conducted, or assets owned, by the Company and its Subsidiaries as an entirety or (ii) any portion of any such plant, facility or property which the Company's Board of Directors determines in good faith not to be of material importance to the use or operation thereof.
Source evidence: "Principal Property" means any manufacturing plant or other similar facility (including Production Machinery and Equipment located thereon), corporate office, equipment yard, maintenance facility, training facility or warehouse owned by the Company or any Subsidiary, which is located within the United States (excluding its territories and possessions), in each case having a net book value in excess of 1% of Consolidated Net Tangible Assets other than (i) any such plant, facility or property which the Company's Board of Directors determines in good faith is not of material importance to the total business conducted, or assets owned, by the Company and its Subsidiaries as an entirety or (ii) any portion of any such plant, facility or property which the Company's Board of Directors determines in good faith not to be of material importance to the use or operation thereof.
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Restricted Subsidiary: means any Subsidiary of the Company (other than any Fund Entity or Captive Insurance Subsidiary), substantially all of the assets of which are located in the United States (excluding its territories and possessions) that at the time, directly or indirectly, through one or more Subsidiaries or in combination with one or more other Subsidiaries or the Company, owns a Principal Property; provided, however, that any Subsidiary that transacts any substantial portion of its business and regularly maintains any substantial portion of its fixed assets outside of the United States (excluding its territories and possessions) shall not be deemed to be a "Restricted Subsidiary."
Source evidence: "Restricted Subsidiary" means any Subsidiary of the Company (other than any Fund Entity or Captive Insurance Subsidiary), substantially all of the assets of which are located in the United States (excluding its territories and possessions) that at the time, directly or indirectly, through one or more Subsidiaries or in combination with one or more other Subsidiaries or the Company, owns a Principal Property; provided, however, that any Subsidiary that transacts any substantial portion of its business and regularly maintains any substantial portion of its fixed assets outside of the United States (excluding its territories and possessions) shall not be deemed to be a "Restricted Subsidiary."
Full wording and supporting evidence
Source evidence: Except as provided below, the Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, create, incur, issue, assume, guarantee or permit to exist any indebtedness for borrowed money ("Indebtedness") secured by a Lien on any Principal Property or any shares of stock of or any Indebtedness of any Restricted Subsidiary, whether owned on the date of issuance of the Notes or thereafter acquired, unless the Company substantially contemporaneously secures the Notes equally and ratably with (or prior to) such Indebtedness until such time as such Indebtedness is no longer secured by a Lien on any Principal Property or any shares of stock of or any Indebtedness of any Restricted Subsidiary, except that the foregoing restrictions shall not apply to Indebtedness secured by:
Target identity evidence: WHEREAS, the Company has duly authorized the creation of a series of its Debt Securities denominated its "5.300% Senior Notes due 2033" in the initial aggregate principal amount of $750,000,000 (the "Notes"); and
Target identity evidence: ELEVENTH SUPPLEMENTAL INDENTURE dated as of August 6, 2026 (this "Eleventh Supplemental Indenture"), made and entered into by and between Quanta Services, Inc., a Delaware corporation, having its principal office at 2727 North Loop West, Houston, Texas 77008 (the "Company"), and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), a national banking association, as Trustee (the "Trustee") under the indenture of the Company dated as of September 22, 2020 (the "Indenture").
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Principal Property: means any manufacturing plant or other similar facility (including Production Machinery and Equipment located thereon), corporate office, equipment yard, maintenance facility, training facility or warehouse owned by the Company or any Subsidiary, which is located within the United States (excluding its territories and possessions), in each case having a net book value in excess of 1% of Consolidated Net Tangible Assets other than (i) any such plant, facility or property which the Company's Board of Directors determines in good faith is not of material importance to the total business conducted, or assets owned, by the Company and its Subsidiaries as an entirety or (ii) any portion of any such plant, facility or property which the Company's Board of Directors determines in good faith not to be of material importance to the use or operation thereof.
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Section 2.03(a) · Purchase upon a Change of Control Triggering Event
each Holder of the Notes will have the right to require the Company to purchase all or a portion (equal to $2,000 or whole multiples of $1,000 in excess thereof) of such Holder's Notes pursuant to the offer described below (the "Change of Control Offer") at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to (but excluding) the date of purchase (the "Change of Control Payment")
Springing Trigger: the occurrence of a Change of Control Triggering Event Defined terms:
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Change of Control Triggering Event: means (i) the rating of the Notes by both Rating Agencies is lowered at any time during the period (the "Trigger Period") commencing on the earlier of (a) the occurrence of a Change of Control and (b) the first public announcement by the Company of any Change of Control (or pending Change of Control), and ending 60 days following consummation of such Change of Control (which Trigger Period will be extended following consummation of a Change of Control for so long as either Rating Agency has publicly announced that it is considering a possible ratings downgrade), and (ii) the Notes are rated below Investment Grade by both Rating Agencies on any day during the Trigger Period.
Source evidence: "Change of Control Triggering Event" means (i) the rating of the Notes by both Rating Agencies is lowered at any time during the period (the "Trigger Period") commencing on the earlier of (a) the occurrence of a Change of Control and (b) the first public announcement by the Company of any Change of Control (or pending Change of Control), and ending 60 days following consummation of such Change of Control (which Trigger Period will be extended following consummation of a Change of Control for so long as either Rating Agency has publicly announced that it is considering a possible ratings downgrade), and (ii) the Notes are rated below Investment Grade by both Rating Agencies on any day during the Trigger Period.
Full wording and supporting evidence
Source evidence: Upon the occurrence of a Change of Control Triggering Event, unless the Company has exercised its right to redeem the Notes in full by giving irrevocable notice to the Trustee in accordance with the Indenture, each Holder of the Notes will have the right to require the Company to purchase all or a portion (equal to $2,000 or whole multiples of $1,000 in excess thereof) of such Holder's Notes pursuant to the offer described below (the "Change of Control Offer") at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to (but excluding) the date of purchase (the "Change of Control Payment"), subject to the rights of Holders of the Notes on the relevant record date to receive interest due on the relevant interest payment date.
Target identity evidence: WHEREAS, the Company has duly authorized the creation of a series of its Debt Securities denominated its "5.300% Senior Notes due 2033" in the initial aggregate principal amount of $750,000,000 (the "Notes"); and
Target identity evidence: ELEVENTH SUPPLEMENTAL INDENTURE dated as of August 6, 2026 (this "Eleventh Supplemental Indenture"), made and entered into by and between Quanta Services, Inc., a Delaware corporation, having its principal office at 2727 North Loop West, Houston, Texas 77008 (the "Company"), and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), a national banking association, as Trustee (the "Trustee") under the indenture of the Company dated as of September 22, 2020 (the "Indenture").
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Change of Control Triggering Event: means (i) the rating of the Notes by both Rating Agencies is lowered at any time during the period (the "Trigger Period") commencing on the earlier of (a) the occurrence of a Change of Control and (b) the first public announcement by the Company of any Change of Control (or pending Change of Control), and ending 60 days following consummation of such Change of Control (which Trigger Period will be extended following consummation of a Change of Control for so long as either Rating Agency has publicly announced that it is considering a possible ratings downgrade), and (ii) the Notes are rated below Investment Grade by both Rating Agencies on any day during the Trigger Period.
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Section 2.03(b) · Purchase upon a Change of Control Triggering Event
within 30 days following the date upon which the Change of Control Triggering Event occurred or, at the Company's option, prior to any Change of Control but after the public announcement of the pending Change of Control, the Company will be required to send, by first class mail (or with respect to any Global Security, to the extent permitted or required by the Depositary's Applicable Procedures, send electronically) a notice to each Holder of such Notes, with a copy to the Trustee
SECTION 2.03 Purchase upon a Change of Control Triggering Event.
Full wording and supporting evidence
Source evidence: Unless the Company has exercised its right to redeem such Notes, within 30 days following the date upon which the Change of Control Triggering Event occurred or, at the Company's option, prior to any Change of Control but after the public announcement of the pending Change of Control, the Company will be required to send, by first class mail (or with respect to any Global Security, to the extent permitted or required by the Depositary's Applicable Procedures, send electronically) a notice to each Holder of such Notes, with a copy to the Trustee, which notice will govern the terms of the Change of Control Offer.
Target identity evidence: WHEREAS, the Company has duly authorized the creation of a series of its Debt Securities denominated its "5.300% Senior Notes due 2033" in the initial aggregate principal amount of $750,000,000 (the "Notes"); and
Target identity evidence: ELEVENTH SUPPLEMENTAL INDENTURE dated as of August 6, 2026 (this "Eleventh Supplemental Indenture"), made and entered into by and between Quanta Services, Inc., a Delaware corporation, having its principal office at 2727 North Loop West, Houston, Texas 77008 (the "Company"), and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), a national banking association, as Trustee (the "Trustee") under the indenture of the Company dated as of September 22, 2020 (the "Indenture").
Documents and filing history
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Issuance
· 2026-08-06
Original principal USD 750,000,000 Exact source document
Parent 8-K filing · 2026-08-06
WHEREAS, the Company has duly authorized the creation of a series of its Debt Securities denominated its “5.300% Senior Notes due 2033” in the initial aggregate principal amount of $750,000,000 (the “Notes”); and
Issuer evidence: ELEVENTH SUPPLEMENTAL INDENTURE dated as of August 6, 2026 (this “Eleventh Supplemental Indenture”), made and entered into by and between Quanta Services, Inc., a Delaware corporation, having its principal office at 2727 North Loop West, Houston, Texas 77008 (the “Company”), and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), a national banking association, as Trustee (the “Trustee”) under the indenture of the Company dated as of September 22, 2020 (the “Indenture”).
Supporting evidence: There are hereby created under the Indenture a series of Debt Securities known and designated as the “5.300% Senior Notes due 2033” of the Company. The aggregate principal amount of Notes that may be authenticated and delivered under this Eleventh Supplemental Indenture is initially limited to $750,000,000, except for Notes authenticated and delivered upon reregistration of, transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 2.07, 2.08, 2.09 or 9.04 of the Indenture.
Supporting evidence: The Stated Maturity shall be August 9, 2033 for payment of principal of the Notes. The Notes shall bear interest at the rate of 5.300% per annum, from August 6, 2026 or the most recent interest payment date to which interest has been paid or duly provided for, payable semi-annually in arrears on February 9 and August 9 of each year (commencing February 9, 2027), to the Persons in whose names the Notes are registered at the close of business on January 24 or July 24, as the case may be, next preceding such interest payment date, until principal thereof is paid or made available for payment.
Supporting evidence: WHEREAS, the Company has duly authorized the creation of a series of its Debt Securities denominated its “5.300% Senior Notes due 2033” in the initial aggregate principal amount of $750,000,000 (the “Notes”); and
Supporting evidence: WHEREAS, the Company has duly authorized the creation of a series of its Debt Securities denominated its “5.300% Senior Notes due 2033” in the initial aggregate principal amount of $750,000,000 (the “Notes”); and