Quanta Services gets commitment for $200 million loan

By Sara Rosenberg

New York, Oct. 3 - Quanta Services Inc. signed a commitment letter for a new $200 million credit facility to replace its existing credit facility. And not only is the company looking to replace its credit facility, but it is also looking to replace its senior secured notes.

Furthermore, effective as of Sept. 30, the company obtained a waiver from bank lenders and senior secured note holders for potential events of default under certain financial covenants through Jan. 1, 2004, according to a filing with the Securities and Exchange Commission.

Bank of America is the administrative agent on the existing credit facility.

Quanta Services is a Houston provider of specialized contracting services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.