Mastec Inc.
MasTec Announces Pricing of $550M Senior Notes Due 2029
Summary
On June 5, 2024, MasTec, Inc. announced the pricing of its public offering of $550 million aggregate principal amount of 5.900% Senior Notes due 2029. The notes will pay interest semi-annually and mature on June 15, 2029. The Company intends to use the net proceeds to repurchase its 6.625% Senior Notes due 2029, repay term loans, pay related fees, and for general corporate purposes. The notes were priced at 99.956%, and the offering is expected to close on June 10, 2024, subject to customary conditions. J.P. Morgan Securities LLC and BofA Securities, Inc. are acting as joint book-running managers for the offering.
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About Mastec Inc.
Mastec Inc. is a comprehensive infrastructure construction company that operates primarily within the energy and communication sectors. Specializing in the engineering, building, installation, maintenance, and upgrading of infrastructure, Mastec plays a critical role in facilitating the development and functionality of modern energy and communication networks. The company is prominently engaged in activities related to the construction of oil and gas pipelines, electrical transmission systems, renewable energy facilities, and wireless and wireline communication systems. Mastec’s services are essential for utility companies, government agencies, and businesses seeking to expand or maintain their infrastructure capabilities. By providing these key services, Mastec helps to improve the reliability, efficiency, and connectivity of infrastructure networks, underpinning economic growth and technological advancement. This makes Mastec an important player in the ongoing development of essential services and infrastructure in the North American market.
Official SEC Documents
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