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Debt Obligations (Tables) | 9 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Long-term Debt Obligations | Quanta’s long-term debt obligations consisted of the following (in thousands):
|  | September 30, 2024 |  | December 31, 2023
0.950% Senior Notes due October 2024 |  | $ | 500,000 |  |  | $ | 500,000 |
4.750% Senior Notes due August 2027 |  | 600,000 |  |  | — |
2.900% Senior Notes due October 2030 |  | 1,000,000 |  |  | 1,000,000 |
2.350% Senior Notes due January 2032 |  | 500,000 |  |  | 500,000 |
5.250% Senior Notes due August 2034 |  | 650,000 |  |  | — |
3.050% Senior Notes due October 2041 |  | 500,000 |  |  | 500,000 |
Borrowings under senior credit facility (including Term Loan) |  | 776,174 |  |  | 867,137 |
Borrowings under commercial paper program |  | — |  |  | 705,900 |
Lease financing transactions |  | 144,083 |  |  | 102,955 |
Other long-term debt |  | 5,277 |  |  | 6,279 |
Finance leases |  | 45,321 |  |  | 39,577 |
Unamortized discount and financing costs |  | (32,774) |  |  | (23,142) |
Total long-term debt obligations |  | 4,688,081 |  |  | 4,198,706 |
Less — Current maturities of long-term debt |  | 556,238 |  |  | 535,202 |
Total long-term debt obligations, net of current maturities |  | $ | 4,131,843 |  |  | $ | 3,663,504 |
Schedule of Interest on Senior Notes | The interest amounts due on Quanta’s senior notes on each payment date are set forth below (dollars in thousands):
Title of the Notes |  | Interest Amount |  | Payment Dates |  | Commencement Date
0.950% Senior Notes due October 2024 (1) |  | $ | 2,375 |  |  | April 1 and October 1 |  | April 1, 2022
4.750% Senior Notes due August 2027 |  | $ | 14,250 |  |  | February 9 and August 9 |  | February 9, 2025
2.900% Senior Notes due October 2030 |  | $ | 14,500 |  |  | April 1 and October 1 |  | April 1, 2021
2.350% Senior Notes due January 2032 |  | $ | 5,875 |  |  | January 15 and July 15 |  | July 15, 2022
5.250% Senior Notes due August 2034 |  | $ | 17,063 |  |  | February 9 and August 9 |  | February 9, 2025
3.050% Senior Notes due October 2041 |  | $ | 7,625 |  |  | April 1 and October 1 |  | April 1, 2022
(1) Quanta repaid the $500.0 million aggregate principal amount of the 0.950% senior notes due October 2024 on October 1, 2024, and therefore no interest payments will be made after such date with respect to such notes.
Borrowings under Credit Facility and Applicable Interest Rates | Borrowings under the senior credit facility and the applicable interest rates were as follows (dollars in thousands):
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Maximum amount outstanding |  | $ | 1,262,736 |  |  | $ | 1,004,677 |  |  | $ | 1,262,736 |  |  | $ | 1,004,677 |
Average daily amount outstanding |  | $ | 978,939 |  |  | $ | 965,022 |  |  | $ | 897,753 |  |  | $ | 928,318 |
Weighted-average interest rate |  | 6.71 | % |  | 6.70 | % |  | 6.75 | % |  | 6.39 | %
Borrowings under the commercial paper program and the applicable interest rates were as follows (dollars in thousands):
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, |  | September 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Maximum amount outstanding |  | $ | 1,415,000 |  |  | $ | 810,500 |  |  | $ | 1,415,000 |  |  | $ | 841,400 |
Average daily amount outstanding |  | $ | 456,212 |  |  | $ | 627,877 |  |  | $ | 325,171 |  |  | $ | 624,476 |
Weighted-average interest rate |  | 5.15 | % |  | 5.95 | % |  | 5.50 | % |  | 5.79 | %

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