Quanta Services, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Debt Obligations (Tables)

Debt Obligations (Tables)

3 Months Ended

Mar. 31, 2015

Quanta’s long-term debt obligations consisted of the following (in thousands):


	March 31, 2015		December 31, 2014
Borrowings under credit facility	$	106,434	$	68,793
Other long-term debt, interest rates ranging from 1.4% to 4.3%		6,222		6,370
Capital leases, interest rates ranging from 6.0% to 7.3%		7,652		1,146

Total long-term debt obligations		120,308		76,309
Less — Current maturities of long-term debt		5,306		3,820

Total long-term debt obligations, net of current maturities	$	115,002	$	72,489

Current Maturities of Long-Term Debt and Short-Term Borrowings

Quanta’s current maturities of long-term debt and short-term borrowings consisted of the following (in thousands):


	March 31, 2015		December 31, 2014
Short-term borrowings	$	4,134	$	5,056
Current maturities of long-term debt		5,306		3,820

Current maturities of long-term debt and short-term borrowings	$	9,440	$	8,876

Information on Borrowings under Current and Prior Credit Facility and Applicable Interest Rates

Information on borrowings under Quanta’s credit facility and the applicable interest rates during the three months ended March 31, 2015 is as follows (dollars in thousands):


	Three Months Ended
	March 31, 2015
Maximum amount outstanding during the period	$	123,768
Average daily amount outstanding under the credit facility	$	92,351
Weighted-average interest rate		2.24	%

- Definition

Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References + Details