Mastec, inc. announces expiration and final results of exchange offer and consent solicitation

Coral gables, fla. , oct. 24, 2022 /prnewswire/ -- mastec, inc. (nyse: mtz) (the "company") today announced the expiration and final results of (i) its private exchange offer to certain eligible holders (as defined herein) (the "exchange offer") for any and all outstanding 6.625% senior notes due august 15, 2029 (the "iea existing notes") issued by iea energy services llc (the "iea issuer"), a subsidiary of infrastructure and energy alternatives, inc. ("iea"), for up to an aggregate principal amount of $300,000,000 of new 6.625% mastec senior notes due august 15, 2029 to be issued by the company (the "mtz exchange notes"), and (ii) the related consent solicitation (the "consent solicitation") with respect to the iea existing notes to eliminate or modify certain of the covenants, restrictive provisions and events of default (the "proposed amendments") in the indenture, dated as of august 17, 2021 (the "iea existing indenture"), governing the iea existing notes.
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