MasTec to redeem 4 7/8% senior notes with proceeds of new notes

By Taylor Fox

Chicago, July 20 – MasTec, Inc. plans to use proceeds from an offering of new notes to redeem or repurchase all of its existing 4 7/8% senior notes due 2023, according to a news release.

MasTec said it may also temporarily pay down amounts under its revolving credit facility and then reborrow under the revolver for the redemption.

Coral Gables, Fla.-based MasTec is an infrastructure construction company.

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