Form 8-K · Current Report · Filed 2026-07-07
MasTec, Inc. Announces New Term Loan Agreement and Acquisition of Electrical Specialists, Inc.
MasTec, Inc. has entered into a new senior unsecured delayed draw term loan agreement providing for $700 million in commitments to finance a portion of the acquisition of Electrical Specialists, Inc., a full-service electrical contractor. The acquisition will be completed in the third quarter of 2026 and is expected to be a wholly-owned subsidiary of MasTec, Inc. Additionally, MasTec, Inc. amended its existing credit facility, increasing the US dollar revolving borrowing commitments by $350 million. The company also appointed Mr. Manuel Benito Miranda as a Class II director to fill a vacancy on the board.
- Filer
- Mastec Inc. MTZ · NYSE
- Filed
- Accession
- 0001193125-26-297552
- CIK
- 0000015615
- Signal
- High impactIndustrials
- Source
- Official filing on sec.gov ↗
Items reported
Reported Item
Market reaction
Close before filing
$380.63
Next session
+0.6%
Since filing
-30.9%
Latest close
$263.10
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from MTZ reporting the same item, with the next session's move:
Insider tape
Within 45 days of this filing, MTZ insiders reported 1 Form 4 transaction — net selling of $2.4M.
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.
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