Mastec Inc.
MasTec, Inc. Announces New Term Loan Agreement and Acquisition of Electrical Specialists, Inc.
Summary
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.
Profitelligence Alerts
Get alerts for MTZ
Be first to know when Mastec Inc. files with the SEC.
Filing Categories
Advertisement
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
Advertisement