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MasTec, Inc. Announces Amendment of Exchange Offer and Consent Solicitation

PR Newswire - Thu Aug 25, 2022

CORAL GABLES, Fla., Aug. 25, 2022 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) (the "Company") today announced its amendment of the terms of its private exchange offer to certain Eligible Holders (as defined herein) (the "Exchange Offer") for any and all outstanding 6.625% Senior Notes due August 15, 2029 (the "IEA Existing Notes") issued by IEA Energy Services LLC (the "IEA Issuer"), a subsidiary of Infrastructure and Energy Alternatives, Inc. ("IEA"), for up to an aggregate principal amount of $300,000,000 of new 6.625% MasTec Senior Notes due August 15, 2029 issued by the Company (the "MTZ Exchange Notes"). The Company has amended the Exchange Offer (i) to extend the Consent Deadline (as defined herein) and (ii) to extend the Early Tender Date (as defined herein). Except as otherwise described in this press release, the terms and conditions of the Exchange Offer set forth in the Offering Memorandum (as defined herein) remain unchanged.

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