Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
MASTEC INC incurred term loan of $600.0 million with Bank of America, N.A. at Term SOFR plus a margin of 1.00% to 1.50% or Base Rate plus a margin of 0.00% to maturing three year anniversary of the closing date.
- Instrument
- term loan
- Principal
- $600.0 million
- Counterparty
- Bank of America, N.A.
- Rate
- Term SOFR plus a margin of 1.00% to 1.50% or Base Rate plus a margin of 0.00% to
- Maturity
- three year anniversary of the closing date
- Event
- incurrence
Exact text from the filing
On June 26, 2025, the Company and MasTec North America entered into a new senior unsecured term loan agreement (the “New Term Loan Agreement”) by and among the Company and MasTec North America, as borrowers, Bank of America, N.A., as Administrative Agent, and the other lenders party thereto, which provides for a $600.0 million term loan (the “New Term Loan Facility”).
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
MASTEC INC amended revolving credit of $1.9 billion with Bank of America, N.A. at Term SOFR plus a margin of 1.125% to 1.625% or Base Rate plus a margin of 0.125% maturing five years from the closing date.
- Instrument
- revolving credit
- Principal
- $1.9 billion
- Counterparty
- Bank of America, N.A.
- Rate
- Term SOFR plus a margin of 1.125% to 1.625% or Base Rate plus a margin of 0.125%
- Maturity
- five years from the closing date
- Event
- amendment
Exact text from the filing
and the other lenders party thereto. The Amended and Restated Credit Agreement, among other things, (i) provides for a revolving credit facility of an aggregate amount of $1.9 billion (the “Amended and Restated Facility”), (ii) terminates the term loans in the aggregate principal outstanding amount of approximately $328.0 million thereunder, (iii) extends the
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