MasTec refinances with $1.9B revolver and new $600M term loan; covenants eased

MASTEC INC

Revolver increased to $1.9B, maturity extended to 5 years; $328M prior term loans terminated.
New $600M unsecured term loan used to repay $277.5M of existing 2022 term loans; 3-year maturity, no amortization.
Minimum interest coverage ratio eliminated; leverage covenant set at 3.50:1, temporarily 4.00:1 for large acquisitions.
Restrictions on dividends and stock repurchases removed.

item 1.01item 2.03item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.