MasTec launches $300M exchange offer for IEA notes in connection with pending merger

MASTEC INC

Private exchange offer for any and all of IEA's outstanding $300M 6.625% Senior Notes due 2029.
Eligible holders receive $950 principal of new MasTec 6.625% notes per $1,000 IEA notes tendered.
Early tenders by Aug 19 receive $50 early tender premium + $2.50 consent payment in cash.
Exchange offer expires Sep 30, 2022; conditioned on closing of IEA merger expected Q4 2022.
Consent solicitation seeks to eliminate covenants in IEA note indenture.

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