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Stock impact report

MasTec Announces Commencement of Cash Tender Offer for IEA's 6.625% Senior Notes due 2029

MasTec, Inc. (MTZ) 
Last mastec, inc. earnings: 4/30 05:06 pm Check Earnings Report
US:NYSE Investor Relations: mastec.com/en/investors
Company Research Source: PR Newswire
CORAL GABLES, Fla., June 5, 2024 /PRNewswire/ -- MasTec, Inc. (NYSE: MTZ) ("MasTec") today announced that IEA Energy Services LLC, a wholly owned subsidiary of MasTec ("IEA"), has commenced a cash tender offer for any and all of its $225.1 million in outstanding principal amount of 6.625% Senior Notes due 2029 (the "IEA Notes") and the solicitation of consents from the holders (the "Holders") of the IEA Notes to adopt certain amendments to the IEA Indenture (as defined below) (the "Tender Offer").Certain information related to the IEA Notes and the Tender Offer is listed below:IEA NotesIEA NotesCUSIPIEA NotesOutstanding PrincipalAmountOffer Consideration(1)Early Tender Payment(1)Total Consideration(1),(2)6.625% SeniorNotes due 2029 (144A) 45174AAA0 (Reg S) U4502YAA5 (IAI)45174AAB8$225,116,000$950.00$50.00$1,000.00(1) For each $1,000 principal amount of IEA Notes, excluding accrued but unpaid interest thereon, which interest will be paid inaddition to the Offer Consideration or the Tot Show less Read more
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