Mastec Inc.
MasTec, Inc. Borrows $1.3 Billion to Finance Acquisition
Summary
On July 20, 2026, MasTec, Inc. borrowed the full $700 million available under a new senior unsecured delayed draw term loan agreement and $600 million under its existing credit facility. The borrowed funds were used to finance a portion of the cash consideration for the acquisition of Electrical Specialists, Inc. d/b/a the Superior Group, along with related fees and expenses.
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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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