---
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"
generated_at: "2026-05-18T15:49:35.941885+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-151280
- JSON: https://secwatch.observer/filing/0001193125-25-151280.json
- Plain text: https://secwatch.observer/filing/0001193125-25-151280.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/15615/000119312525151280/0001193125-25-151280-index.htm
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/15615/000119312525151280/0001193125-25-151280-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.