debt
confidence high
sentiment neutral
materiality 0.50
MasTec extends exchange offer for IEA 6.625% Senior Notes to Oct 14; 25.8% tendered
MASTEC INC
- Consent deadline and early tender date moved to Sept 23; expiration extended to Oct 14, 2022.
- Holders of 25.8% of outstanding IEA notes tendered as of Sept 9, 2022.
- Exchange offer is conditioned on closing of MasTec-IEA merger, expected in Oct 2022.
- Offering up to $300M of new 6.625% MasTec Senior Notes due 2029 in exchange for IEA notes.
- Proposed amendments to IEA note indenture require majority consent; early tender premium available.