MasTec draws $1.3B in debt to fund Superior Group electrical contractor acquisition

Filed July 20, 2026 · Period ending July 20, 2026 · ~1 min read

Key Changes

• high

  Drew full $700M term loan and $600M from revolving credit facility on July 20, 2026, deploying $1.28B toward Superior Group acquisition consideration and transaction costs, with remainder for working capital.

  Item 2.03 — Creation of a Direct Financial Obligation verify on EDGAR →
• medium

  Acquisition consideration includes approximately $105M in acquired cash, meaning net cash outlay was lower than gross financing amount.

  Item 2.03 — Creation of a Direct Financial Obligation verify on EDGAR →
• high

  Combined $1.3B debt drawdown represents substantial leverage increase to fund the electrical contractor acquisition, which closed same day.

  Item 2.03 — Creation of a Direct Financial Obligation verify on EDGAR →