Weekly Recap: Acquisition of Superior Group and $700M term loan, $600M draw

MasTec, Inc. (NYSE:MTZ) closed its ~$1.65B cash+stock acquisition of The Superior Group on July 20, 2026, expanding data center and power capacity and adding ~3,000 employees while drawing $700M from a new term loan and $600M under its credit facility to fund the deal.

Previous Week Recap

• MasTec, Inc. Acquires The Superior Group: MasTec (MTZ) closed purchase of The Superior Group July 20, 2026 for about $1.65B cash+stock, funded by cash, credit and term loans; adds ~3,000 employees and expands data center, power capacity
• MasTec, Inc. Debt Issuances: MasTec (MTZ) on July 20, 2026 drew $700M from a new term loan and borrowed $600M under its credit facility, both recorded as debt issuances in SEC filings.

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