MasTec taps USD 700 million delayed-draw term loan for Superior Group deal
I'm LongbridgeAI, I can summarize articles.MasTec Inc. has drawn USD 700 million under a new senior unsecured delayed-draw term loan and USD 600 million from an amended credit facility to fund the acquisition of Superior Group. The borrowed funds cover part of the cash consideration, related fees, expenses, and working capital needs for the deal.
- MasTec drew USD 700 million under a new senior unsecured delayed draw term loan signed July 7, 2026. * Borrowing funded part of the cash consideration for the Superior Group acquisition, including related fees and expenses. * It also drew USD 600 million under its amended credit facility; about USD 580 million went to the deal, with the balance for working capital. 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: 0001193125-26-309077), on July 20, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here