MasTec borrows $1.3B to fund acquisition of Electrical Specialists (Superior Group)

MASTEC INC

Drew $700M under new term loan agreement on July 20, 2026.
Borrowed $600M under existing credit facility, ~$580M for acquisition consideration.
Proceeds finance cash consideration for acquisition of Electrical Specialists, Inc. (Superior Group) and related fees.
Remaining credit facility funds used for working capital purposes.

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