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MasTec to call all of 7¾% notes due 2008
By Laura Lutz
Des Moines, Jan. 16 - MasTec, Inc. plans to redeem all of its outstanding 7¾% senior subordinated notes due February 2008, according to a news release.
The redemption will be funded with proceeds from a planned $150 million private placement of senior notes due 2017.
The company expects to redeem the 7¾% notes within 30 days of the closing of the offering.
MasTec is an infrastructure contractor based in Coral Gables, Fla.
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