MasTec signs USD 700 million delayed-draw term loan to fund Superior Group acquisition

MasTec, Inc.
Superior Group of Companies, Inc.

MasTec, Inc.

MTZ

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Superior Group of Companies, Inc.

SGC

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  • MasTec entered a new senior unsecured delayed draw term loan agreement on July 7, 2026 for USD 700 million.
  • Facility splits into USD 400 million three-year commitments, USD 300 million four-year commitments, both maturing from the acquisition closing date.
  • Proceeds earmarked to fund part of the Superior Group acquisition consideration, related fees, expenses; commitments terminate if the deal fails to close.
  • Amended its revolving credit facility the same day, raising US dollar revolving commitments by USD 350 million to USD 2.25 billion.
  • Loan covenants include a maximum consolidated leverage ratio of 3.50:1, with a temporary step-up to 4.00:1 for larger acquisitions.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MasTec Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-297552), on July 07, 2026, and is solely responsible for the information contained therein.

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