M&A
confidence high
sentiment neutral
materiality 0.50
MasTec amends exchange offer terms for IEA notes; extends early tender and consent deadline to Sept 1
MASTEC INC
- Early Tender Date and Consent Deadline extended to 5:00 p.m. NYC time on September 1, 2022.
- Exchange offer for up to $300M of new MasTec 6.625% Senior Notes due 2029 for IEA Existing Notes.
- Exchange offer conditioned on closing of MasTec's acquisition of IEA, expected Q4 2022.
- Consent solicitation seeks to modify covenants in IEA notes indenture; requires majority of holders.
- Expiration date remains September 30, 2022, unless further extended.