{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-151280","form_type":"8-K","ticker":"MTZ","cik":"0000015615","company_name":"MASTEC INC","filed_at":"2025-06-27T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.771010+00:00","generated_at":"2026-05-18T15:49:35.941885+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"MasTec refinances with $1.9B revolver and new $600M term loan; covenants eased","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-151280","json":"https://secwatch.observer/filing/0001193125-25-151280.json","markdown":"https://secwatch.observer/filing/0001193125-25-151280.md","text":"https://secwatch.observer/filing/0001193125-25-151280.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/15615/000119312525151280/0001193125-25-151280-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/15615/000119312525151280/d35356d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T15:49:35.941885+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"830cab838f55c7ea0314eda6ec0b0e626f509c6a","claim":"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.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/15615/000119312525151280/0001193125-25-151280-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$600.0 million"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Rate","value":"Term SOFR plus a margin of 1.00% to 1.50% or Base Rate plus a margin of 0.00% to"},{"label":"Maturity","value":"three year anniversary of the closing date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"de8ea771910b425779f3158a5e48313345e23c34","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/15615/000119312525151280/0001193125-25-151280-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$1.9 billion"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Rate","value":"Term SOFR plus a margin of 1.125% to 1.625% or Base Rate plus a margin of 0.125%"},{"label":"Maturity","value":"five years from the closing date"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}