secwatch.observer — SEC 8-K summary
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Issuer:     MASTEC INC (MTZ)
CIK:        0000015615
Form:       8-K
Filed at:   2025-06-27T23:59:59+00:00
Accession:  0001193125-25-151280
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/15615/000119312525151280/0001193125-25-151280-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/15615/000119312525151280/d35356d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-151280

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer