MasTec Inc. filed SEC Form 8-K: Creation of a Direct Financial Obligation
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| Item 2.03 | Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
Borrowing Under MasTec New Term Loan Agreement
As previously reported, on July 7, 2026, MasTec, Inc. (the “Company”) and MasTec North America, Inc., a subsidiary of the Company (“MasTec North America”), entered into a new senior unsecured delayed draw term loan agreement (the “New Term Loan Agreement”) by and among the Company and MasTec North America, as borrowers, Bank of America, N.A., as Administrative Agent, and the other lenders party thereto, which provided for $700 million in delayed draw term loan commitments. On July 20, 2026, the Company borrowed the full $700 million in term loans available under the New Term Loan Agreement to finance a portion of the cash consideration for the Company’s acquisition of Electrical Specialists, Inc., d/b/a the Superior Group (the “Superior Group”) and fees and expenses incurred in connection therewith and related transactions.
The description of the New Term Loan Agreement contained in this Item 2.03 does not purport to be complete and is qualified in its entirety by reference to the New Term Loan Agreement. The New Term Loan Agreement was attached as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission (“SEC”) on July 7, 2026, the terms of which are incorporated by reference herein.
Borrowing Under MasTec Credit Facility
As previously reported, on July 7, 2026, the Company amended its existing amended and restated credit agreement, dated as of June 26, 2025 (as amended the “Credit Facility”) among the Company and MasTec North America, as borrowers, Bank of America, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer, and the other lenders party thereto. On July 20, 2026, the Company borrowed $600 million under the Credit Facility, approximately $580 million of which was used to finance a portion of the cash consideration (inclusive of approximately $105 million in acquired cash) for the Company’s acquisition of the Superior Group and fees and expenses incurred in connection therewith and related transactions, with the remainder used for other working capital purposes.
The description of the Credit Facility contained in this Item 2.03 does not purport to be complete and is qualified in its entirety by reference to the Credit Facility. The Credit Facility was attached as Exhibit 10.2 to the Company’s Current Report on Form 8-K filed by the Company with the SEC on July 7, 2026, the terms of which are incorporated by reference herein.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MASTEC, INC. | ||||||
| Date: July 20, 2026 | By: | /s/ Alberto de Cardenas | ||||
| Alberto de Cardenas | ||||||
| Executive Vice President, General Counsel and Secretary | ||||||