MasTec Secures $700 Million Delayed-Draw Term Loan and Lifts Revolver to $2.25 Billion
MasTec announced two financing actions to support its pending acquisition of the Superior Group and bolster liquidity. The company entered a $700 million senior unsecured delayed-draw term loan split into three- and four-year tranches, with interest tied to Term SOFR or the Base Rate and margins li…