secwatch.observer — SEC 8-K summary
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Issuer:     MASTEC INC (MTZ)
CIK:        0000015615
Form:       8-K
Filed at:   2022-10-07T23:59:59+00:00
Accession:  0001193125-22-259612
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MasTec completes IEA acquisition; borrows $700M term loan; assumes IEA senior notes
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- Completed acquisition of IEA on Oct 7, 2022; issued ~2.65M shares of MTZ common stock to IEA shareholders.
- Borrowed $700M in full under delayed draw term loan to fund cash consideration for IEA acquisition.
- IEA Energy Services LLC's 6.625% Senior Notes due 2029 become indirect subsidiary obligation of MasTec.
- Note guarantee provisions: Guarantors released upon repayment of IEA's existing credit facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/15615/000119312522259612/0001193125-22-259612-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/15615/000119312522259612/d401539d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-259612

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