MasTec talks $150 million 10-year notes at 7½%-7¾%

By Paul A. Harris

St. Louis, Jan. 22 - MasTec, Inc. has talked its $150 million offering of 10-year senior notes (B1/B+) at 7½% to 7¾%, according to a market source.

Pricing is expected late Tuesday or early Wednesday.

Morgan Stanley has the books for the offering, which is being marketed via Rule 144A and Regulation S.

The notes come with five years of call protection.

Proceeds will be used to redeem all outstanding 7¾% senior subordinated notes due February 2008.

MasTec is a Coral Gables, Fla., telecommunications and energy infrastructure company.

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