MasTec prices $550 million of 5.900% senior notes due 2029
On June 5, 2024, MasTec agreed to sell $550 million of 5.900% senior notes maturing June 15, 2029, priced at 99.956%. Net proceeds are intended to fund a tender offer by subsidiary IEA Energy Services for its 6.625% senior notes due 2029, repay some or all of its three-year term loan, and pay fees, with any remainder used to repay part of its senior unsecured credit facility or for general corporate purposes. The company expects to close the offering on June 10, 2024, subject to customary conditions.
Key points
- $550 million aggregate principal of 5.900% senior notes, paying semi-annual interest and maturing June 15, 2029, priced at 99.956%.
- Proceeds intended to fund a tender offer for IEA Energy Services' 6.625% senior notes due 2029, repay term loans, and pay fees and expenses.
- Closing expected June 10, 2024, subject to customary conditions; closing is not contingent on completion of the tender offer.
- Notes are senior unsecured and structurally subordinated to liabilities of MasTec's subsidiaries, including trade payables.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:12 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 06, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.