Quanta amends loan, upsizing revolver, extending tenor

By Sara Rosenberg

New York, Sept. 20 - Quanta Services Inc. amended its credit facility, increasing the revolver size to $475 million from $300 million and extending the maturity by more than one year to Sept. 19, 2012, according to a news release.

Bank of America is the lead bank on the deal.

"This amendment provides increased flexibility for the company going forward," said James H. Haddox, chief financial officer, in the release.

"In addition to upsizing the credit facility and extending the maturity, the amended facility provides opportunities for lower pricing, more flexible share and dividend repurchase options, and increased investment capabilities."

Quanta is a Houston-based specialized contracting services company.

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