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QUANTA SERVICES, INC. : Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)

09/10/2021 | 04:43pm EDT

Item 1.01 Entry into a Material Definitive Agreement.

On September 9, 2021, Quanta Services, Inc. (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with BofA Securities, Inc. and Wells Fargo Securities, LLC, as representatives of the several underwriters named in Schedule A to the Underwriting Agreement (the "Underwriters"), with respect to the issuance and sale in an underwritten public offering (the "Offering") by the Company of (i) $500,000,000 aggregate principal amount of the Company's 0.950% Senior Notes due 2024 (the "2024 Notes"), (ii) $500,000,000 aggregate principal amount of the Company's 2.350% Senior Notes due 2032 (the "2032 Notes") and (iii) $500,000,000 aggregate principal amount of the Company's 3.050% Senior Notes due 2041 (the "2041 Notes" and, together with the 2024 Notes and the 2032 Notes, the "Notes").

The material terms of the Offering are described in the prospectus supplement dated September 9, 2021, as filed by the Company with the Securities and Exchange Commission (the "Commission"). The offer and sale of the Notes is registered with the Commission pursuant to the Company's Registration Statement on Form S-3 (File No. 333-248776) that was filed with the Commission on September 14, 2020. Subject to customary conditions to closing, the transactions contemplated by the Underwriting Agreement will be consummated on September 23, 2021.

The Underwriting Agreement contains customary indemnification and contribution provisions whereby the Company, on the one hand, and the Underwriters, on the other hand, have agreed to indemnify each other against certain liabilities, including liabilities under the Securities Act.

The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Underwriting Agreement, a copy of which is filed as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Some of the Underwriters and their affiliates have engaged in, and may in the future engage in, investment banking and other commercial dealings in the ordinary course of business with the Company and its affiliates. They have received, or may in the future receive, customary fees and commissions for these transactions. In particular, several of the Underwriters or their affiliates have a lending relationship with the Company or serve as a broker in executing stock repurchases, or both, and U.S. Bank National Association, the trustee, is also an affiliate of U.S. Bancorp Investments, Inc., one of the Underwriters.

Item 7.01 Regulation FD Disclosure.

On September 9, 2021, the Company issued a press release announcing the pricing of the Offering. A copy of the press release is being furnished as Exhibit 99.1 to this Report and is incorporated herein by reference.

The information furnished in Item 7.01 of this Report, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and shall not be incorporated by reference in any filing under the Securities Act, except as expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Number                                    Description

1.1            Underwriting Agreement, dated September 9, 2021, by and among Quanta
             Services, Inc. and BofA Securities, Inc. and Wells Fargo Securities,
             LLC, as representatives of the several underwriters named therein.

99.1           Press Release dated September 9, 2021.

104          Cover Page Interactive Data File (the cover page XBRL tags are
             embedded within the Inline XBRL document).


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