MasTec signs $1.9 billion revolving credit facility and $600 million term loan
MasTec entered an amended and restated credit agreement providing a $1.9 billion revolving credit facility, extending maturity to five years and removing certain distribution, buyback and interest coverage restrictions. It also entered a new $600.0 million senior unsecured term loan, used to repay about $277.5 million of existing term loans, with a three-year maturity. For shareholders, the filing shows a refinancing of the company's debt with terms that loosen some covenants, though it adds new borrowings.
Key points
- Revolving credit facility totals $1.9 billion, with about $328.0 million of term loans terminated under the amended agreement.
- New $600.0 million senior unsecured term loan matures three years after closing and is used to repay about $277.5 million of existing term loans.
- Amended agreement removes the minimum consolidated interest coverage ratio requirement and limits on share repurchases and distributions.
- New term loan requires a consolidated leverage ratio of not more than 3.50:1.00, which may rise to 4.00:1.00 after acquisitions above $200.0 million.
The filing
Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing 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 27, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.