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MasTec, Inc. - Tender Offer 2024 (US) - Results

MasTec, Inc. Announces Results of Early Participation in Tender Offer and Consent Solicitation

20 JUNE 2024


Full announcement including full disclosures and disclaimers available via Prnewswire: Source: MasTec, Inc.


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"The Tender Offer expires at 5:00 p.m., Eastern Time, on July 5, 2024 (such date and time, as the same may be extended, the "Expiration Time").


The consents received in the Consent Solicitation from the holders of a majority of the aggregate principal amount of the outstanding IEA Notes (the "Requisite Consents") permit IEA to eliminate or modify certain of the covenants, restrictive provisions and events of default (such amendments, as further described in the Offer to Purchase (as defined herein), the "Proposed Amendments") in the indenture, dated as of August 17, 2021, governing the IEA Notes (the "IEA Notes Indenture"). Accordingly, IEA will execute a supplemental indenture (the "Supplemental Indenture") to the IEA Notes Indenture to effect the Proposed Amendments. Although the Supplemental Indenture will become effective upon execution thereof, the Proposed Amendments will not become operative unless and until the IEA Notes with respect to which the Requisite Consents have been delivered are paid for.


As of 5:00 p.m., Eastern Time on June 18, 2024 (the "Early Tender Deadline"), the principal amount of IEA Notes set forth in the table below had been validly tendered and not validly withdrawn (and consents thereby validly delivered and not validly revoked). For IEA Notes validly tendered (and not validly withdrawn) at or prior to the Early Tender Deadline, Holders of such IEA Notes are eligible to receive the total consideration (the "Total Consideration"), which consists of $950 per $1,000 principal amount of such IEA Notes (the "Offer Consideration"), and an early tender premium, equal to $50 per $1,000 principal amount of such IEA Notes (the "Early Tender Payment"). To be eligible to receive the Total Consideration, such Holders must (i) have validly tendered (and not validly withdrawn) their IEA Notes at or prior to the Early Tender Deadline and (ii) validly delivered (and not validly revoked) their consent in the Consent Solicitation at or prior to the Early Tender Deadline."



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

05 JUNE 2024


Full announcement including full disclosures and disclaimers available via Prnewswire: Source: MasTec, Inc.


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:



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