MasTec exchange offer expires with $74.9M (25%) of IEA notes tendered; settlement Oct 26

MASTEC INC

$74.884M aggregate principal of IEA 6.625% Senior Notes due 2029 tendered, representing 24.96% of $300M outstanding.
Exchange offer expired Oct 21, 2022; conditions met including consummation of IEA acquisition on Oct 7, 2022.
Consent solicitation for indenture amendments failed to get requisite votes; condition waived by MasTec.
Tendered holders receive $1,000 principal of new MTZ exchange notes per $1,000 of IEA notes plus $2.50 cash consent payment.
Settlement expected Oct 26, 2022; MTZ exchange notes unregistered and subject to resale restrictions.

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