MasTec subsidiary IEA receives majority consent to amend indenture; 90.49% of $225M notes tendered

MASTEC INC

Holders of majority principal amount consented to eliminate/modify covenants in IEA's 6.625% Senior Notes due 2029.
As of June 18 early deadline, $203.7M of $225.1M outstanding notes (90.49%) validly tendered.
Tendered note holders receive $1,000 per $1,000 principal (including $50 early tender premium) plus accrued interest.
Payment for early-tendered notes scheduled for June 24, 2024; tender offer expires July 5, 2024.
IEA expects to redeem remaining outstanding notes at Offer Consideration after expiration.

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