MasTec subsidiary IEA launches $225.1M cash tender offer for 6.625% senior notes due 2029

MASTEC INC

IEA Energy Services offers $1,000 per $1,000 principal plus accrued interest for any and all outstanding notes.
Early tender deadline is June 18, 2024; holders tendering by then receive an extra $50 per $1,000.
Tender offer conditioned on MasTec completing $600M+ in debt financing, including potential debt securities offerings.
Consent solicitation seeks to eliminate substantially all restrictive covenants and related defaults in the indenture.
J.P. Morgan is sole dealer manager; D.F. King is tender and information agent.

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