MASTEC INC (MTZ) Form 8-K — Aug 10, 2026
MasTec priced a public offering of $650 million of 5.850% senior notes due September 30, 2036 on August 6, 2026. The notes were priced at 99.656% of principal, with closing expected on August 17, 2026, subject to customary conditions. The company intends to use the roughly $643.5 million in net proceeds to repay some or all of its $600 million term loan that matures on June 26, 2028, with any remainder going to general corporate purposes, including repayment of borrowings under its senior unsecured credit facility. PNC Capital Markets, Truist Securities and Wells Fargo Securities acted as underwriting representatives, joined by BofA Securities and J.P.
Key figures
- Debt Amount
- 650000000
- Interest Rate
- 5.85
- Maturity Date
- September 30, 2036
- Benchmark treasury
- 4.375% due May 15, 2036
- Term loan maturity
- June 26, 2028
- Term loan repaid usd
- 600000000
- Expected closing date
- August 17, 2026
- Underwriting discount pct
- 0.65
- Interest payment frequency
- semi-annually
- Shelf registration file no
- 333-285425
- Benchmark treasury yield pct
- 4.674
- Underwriter purchase price pct
- 99.006
- Offering price pct of principal
- 99.656
- Net proceeds before expenses usd
- 643539000
Price after filing
Close on the filing date to close N calendar days later (from $268.28). Historical, not a forecast.
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