MASTEC INC - 8-K Filing
MasTec entered a $700 million term loan agreement ($400M 3-year tranche + $300M 4-year tranche) to fund part of its acquisition of Electrical Specialists, Inc. (Superior Group), which is expected in Q3 2026 and valued at ~$475 million via unregistered stock issuance (~1.5% ownership). The company also increased its credit facility by $350M to a total of $2.25 billion on July 7, 2026. (Items: 1.01 Entry into a Material Definitive Agreement, 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, 3.02 Unregistered Sales of Equity Securities, 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Offi)
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