secwatch.observer — SEC 8-K summary
======================================

Issuer:     MASTEC INC (MTZ)
CIK:        0000015615
Form:       8-K
Filed at:   2022-09-01T23:59:59+00:00
Accession:  0001193125-22-236556
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/15615/000119312522236556/0001193125-22-236556-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/15615/000119312522236556/d370427d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-236556

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer