Quanta Services to tender for 4% convertibles

New York, April 26 - Quanta Services, Inc. said it plans to tender for its $172.5 million principal amount of 4% convertible subordinated notes due 2007.

Funding for the offer will come from a $125 million sale of new 3.75% convertible subordinated notes and existing cash.

The Houston-based provider of specialized contracting services said it plans to start the tender "as soon as practicable" after completing the offering of new notes.

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