MasTec (NYSE:MTZ) bolstered liquidity for its Superior acquisition by securing a $700M delayed-draw term loan and expanding its revolver to $2.25B, while Cantor Fitzgerald reiterated an Overweight rating and lifted its price target to $581, signaling confidence in the deal.
Previous Week Recap
- MasTec Secures $700M Delayed-Draw Loan: MasTec (MTZ) secured a $700M delayed-draw term loan (3–4 year tranches) and raised its revolver by $350M to $2.25B, effective July 7, 2026, to fund the Superior acquisition.
- Cantor Fitzgerald Raises MTZ Target: Cantor Fitzgerald reiterated its Overweight rating on MasTec, Inc. (MTZ) and raised its price target to $581.00 per share from $545.00.
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