MasTec Completes $650M Investment Grade Notes Offering

Fried Frank advised MasTec, Inc. on its investment grade offering of $650 million aggregate principal amount of 5.850% senior notes due 2036. MasTec used the net proceeds from the bond offering to repay a portion of a term loan facility and the remainder for general corporate purposes, which may include the repayment of other outstanding debt. MasTec is a leading infrastructure construction company operating mainly throughout North America and across a range of industries, including communications, clean energy and infrastructure, power delivery and pipeline infrastructure.

The Fried Frank team was led by capital markets partner Joshua Wechsler and included tax partner Joseph Fox, capital markets special counsel Matthew I. Levy and capital markets associate Jason Taylor.

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