debt
confidence high
sentiment neutral
materiality 0.25
MasTec amends exchange offer for IEA Senior Notes; extends deadlines to Sept 9
MASTEC INC
- Early Tender Date extended to 5:00 p.m. ET on Sept 9, 2022 for exchange of IEA 6.625% Senior Notes due 2029.
- Consent Deadline also extended to Sept 9, 2022, or earlier if majority consents obtained.
- Exchange offer conditioned on closing of Merger with IEA, expected Q4 2022.
- Up to $300M aggregate principal of new MasTec Senior Notes offered in exchange.
- Expiration Date remains Sept 30, 2022, unless further extended.