debt
confidence high
sentiment neutral
materiality 0.40
MasTec amends exchange offer for IEA notes; extends consent and early tender to Oct 14
MASTEC INC
- Extended Early Tender Date and Consent Deadline for IEA 6.625% Senior Notes exchange to 5:00 p.m. ET on Oct 14, 2022.
- Exchange offer is for up to $300M of new MasTec 6.625% Senior Notes due 2029, conditioned on closing of the IEA merger.
- Consent solicitation seeks to amend IEA Existing Notes covenants; requires majority principal consent from holders.
- Merger expected to close in October 2022, subject to regulatory approvals and IEA stockholder approval.