MasTec prices $650M of 5.850% senior notes due 2036 to refinance term loans

Filed August 10, 2026 · ~2 min read

Key Changes

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  MasTec is offering $650 million of 5.850% senior notes due September 30, 2036 (10-year maturity). Net proceeds of $640.5 million will repay term loans under the 2025 Term Loan Facility (maturing June 2028, 4.77% rate) and pay fees, extending maturity and possibly lowering cost.

  Management's Discussion and Analysis verify on EDGAR →
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  Pro forma for this offering and a recent acquisition, MasTec would have $4.2 billion of total debt, up from $2.8 billion actual at June 30, 2026. The acquisition was financed with $700 million of new term loans and $580 million of revolver draws.

  Management's Discussion and Analysis verify on EDGAR →
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  The notes are structurally subordinated to $4.0 billion of subsidiary liabilities (including trade payables) and effectively subordinated to $454.4 million of secured debt. Noteholders have no direct access to subsidiary cash flows or assets unless dividended up to the parent.

  risk factors verify on EDGAR →