MasTec borrows $700 million and $600 million for acquisition

MasTec, Inc. states that on July 20, 2026 it drew the full $700 million of senior unsecured delayed draw term loans available under its New Term Loan Agreement with Bank of America, N.A., as Administrative Agent, and other lenders.

Rhea-AI Filing Summary

MasTec, Inc. states that on July 20, 2026 it drew the full $700 million of senior unsecured delayed draw term loans available under its New Term Loan Agreement with Bank of America, N.A., as Administrative Agent, and other lenders. The borrowing is intended to finance part of the cash consideration for acquiring Electrical Specialists, Inc., d/b/a the Superior Group, and to pay related fees and expenses.

On the same date, the company also borrowed $600 million under its amended and restated Credit Facility. Approximately $580 million, inclusive of approximately $105 million in acquired cash, was applied toward the Superior Group acquisition’s cash consideration and related costs, with the remaining Credit Facility proceeds designated for other working capital purposes.

8-K Event Classification

Item 2.03 — Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement

1 item

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Key Figures

New Term Loan Borrowing: $700 million Credit Facility Borrowing: $600 million Acquisition Cash Consideration Funding: approximately $580 million +1 more

4 metrics

New Term Loan Borrowing $700 million Senior unsecured delayed draw term loans drawn on July 20, 2026

Credit Facility Borrowing $600 million Borrowed under amended and restated Credit Facility on July 20, 2026

Acquisition Cash Consideration Funding approximately $580 million Portion of Credit Facility borrowing, inclusive of acquired cash, applied to Superior Group acquisition

Acquired Cash approximately $105 million Included within the approximately $580 million used toward acquisition cash consideration

Key Terms

delayed draw term loan, senior unsecured, Credit Facility, working capital purposes, +2 more

6 terms

delayed draw term loan financial

"entered into a new senior unsecured delayed draw term loan agreement"

A delayed draw term loan is a financing agreement that lets a borrower take one or more lump-sum loans from a lender at agreed future dates within a set time window instead of receiving all funds up front. It matters to investors because it changes when and how much debt a company will carry, affecting cash flexibility, interest costs and risk exposure—think of it like an approved credit line you only tap when you need cash for a project.

senior unsecured financial

"entered into a new senior unsecured delayed draw term loan agreement"

Senior unsecured is a type of loan or bond that has priority over other unsecured obligations for repayment if a company runs into financial trouble, but it is not backed by specific assets as collateral. Think of it as being near the front of a line to get paid, but without a pledged item to seize if the borrower defaults; that higher repayment priority typically makes it less risky than subordinated debt but more risky than secured debt, which influences the interest rate investors demand.

Credit Facility financial

"as amended the "Credit Facility" among the Company and MasTec North America"

A credit facility is a flexible loan arrangement that allows a borrower to access funds up to a set limit whenever needed, similar to a company having an overdraft option on a bank account. It matters to investors because it indicates how easily a business can secure cash when required, affecting its ability to manage expenses, invest, or respond to financial challenges.

working capital purposes financial

"with the remainder used for other working capital purposes"

Swing Line Lender financial

"Bank of America, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer"

L/C Issuer financial

"Bank of America, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What borrowing did MasTec (MTZ) complete under its New Term Loan Agreement?

MasTec drew the full $700 million of senior unsecured delayed draw term loans on July 20, 2026. The company states the proceeds will help fund cash consideration for acquiring Electrical Specialists, Inc., d/b/a the Superior Group, and cover related fees and expenses.

How much did MasTec (MTZ) borrow under its amended Credit Facility?

MasTec borrowed $600 million under its amended and restated Credit Facility on July 20, 2026. According to the company, this borrowing supplements financing for the Superior Group acquisition and provides additional liquidity for other working capital purposes.

How were the $600 million Credit Facility proceeds used by MasTec (MTZ)?

MasTec reports that approximately $580 million of the $600 million borrowing, inclusive of approximately $105 million in acquired cash, financed part of the Superior Group acquisition and related costs. The remaining proceeds were allocated to other general working capital purposes.

What acquisition is MasTec (MTZ) financing with these new borrowings?

The borrowings help finance MasTec’s acquisition of Electrical Specialists, Inc., d/b/a the Superior Group. Both the $700 million term loan draw and the $600 million Credit Facility borrowing are tied to funding cash consideration and paying related fees and expenses.

Which financial institutions are involved in MasTec’s (MTZ) new debt arrangements?

Bank of America, N.A. is identified as Administrative Agent, Swing Line Lender and an L/C Issuer under MasTec’s amended Credit Facility and as Administrative Agent under the New Term Loan Agreement, alongside other participating lenders.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/20/2026 - 05:16 PM EDT Learn about SEC filing dates

MASTEC INC false 0000015615 0000015615 2026-07-20 2026-07-20

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 20, 2026

MASTEC, INC.

(Exact Name of Registrant as Specified in Its Charter)

Florida		001-08106		65-0829355
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

800 S. Douglas Road, 12th Floor

Coral Gables, Florida 33134

(Address of Principal Executive Office)

Registrant’s telephone number, including area code (305) 599-1800

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading symbol(s)		Name of each exchange on which registered
Common Stock, $0.10 Par Value		MTZ		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.1 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 17.6 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.0 KB