debt
confidence high
sentiment neutral
materiality 0.50
MasTec prices $650M of 5.850% senior notes due 2036 to repay term loan
MASTEC INC
- $650M aggregate principal of 5.850% senior notes due 2036, priced at 99.656%.
- Proceeds to repay $600M term loan (matures June 26, 2028) and related fees; remainder for general corporate purposes.
- Closing expected August 17, 2026; notes are senior unsecured obligations of MasTec.
- Joint book-runners: PNC Capital Markets, Truist Securities, Wells Fargo Securities, BofA Securities, J.P. Morgan Securities.