MasTec ups revolving credit by $250M to $1.90B and secures $700M term loan for IEA acquisition

MASTEC INC

Amendment increases revolving credit commitments by $250M to $1.90B; subsidiary guarantees released.
New $700M unsecured delayed draw term loan ($400M 3-year + $300M 5-year) to finance IEA acquisition.
Pricing: Term SOFR + 1.125%-1.625% margin; leverage covenant ≤ 3.5 (4.0 post-acquisition); interest coverage ≥ 3.0.
Existing guarantees on 4.50% Senior Notes due 2028 released concurrently.

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