Monitor upcoming quarterly filings for MasTec's post-acquisition financials, including revenue contribution from Superior Group and changes in leverage ratios. The debt terms (interest rate, maturity) are not disclosed here but were filed in the prior 8-K on July 7, 2026 — review that filing for cost-of-capital details.
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Executive Summary
MasTec borrowed $1.3 billion in total on July 20, 2026 — $700 million under a new senior unsecured delayed draw term loan and $600 million under its existing credit facility — to finance its acquisition of Electrical Specialists, Inc. (Superior Group) and related expenses. This is a routine debt-financing step for a previously announced acquisition; no financial terms beyond principal amounts are disclosed.
Key Facts
- Borrowed $700 million under a new senior unsecured delayed draw term loan agreement on July 20, 2026.
- Borrowed $600 million under the existing credit facility on the same date.
- Total debt drawn of $1.3 billion used to finance the acquisition of Electrical Specialists, Inc. (Superior Group) and related fees/expenses.
- Approximately $580 million of the credit facility borrowing was used for the acquisition (inclusive of ~$105 million in acquired cash), with the remainder for working capital.
Financial Impact
Total new debt of $1.3 billion drawn to fund acquisition; no interest rate, maturity, or covenant details provided.
Risk Factors
- Acquisition integration risk and potential for higher leverage if Superior Group underperforms.
- Interest rate exposure on the new term loan and credit facility (terms not disclosed in this filing).
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-309077 |
| Document: 0001193125-26-309077-index-headers.html | 0001193125-26-309077 |
| Document: 0001193125-26-309077-index.html | 0001193125-26-309077 |
| Document: 0001193125-26-309077.txt | 0001193125-26-309077 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 10, 2026 7w ago | 8-K | $272.65 $240.68 | ▼ −11.73% | ▼ −10.67% | $215.93 (−20.80%) |
Aug 10, 2026 7w ago | 424B5 | $272.65 $240.68 | ▲ +11.73% | ▲ +10.67% | $215.93 (+20.80%) |
Jul 20, 2026 10w ago | 8-K | $351.40 $280.13 | ▼ −20.28% | ▼ −22.84% | $215.93 (−38.55%) |
Jul 7, 2026 12w ago | 8-K | $382.90 $266.75 | ▼ −30.33% | ▼ −33.61% | $215.93 (−43.61%) |
May 28, 2026 18w ago | Court Ruling | $383.33 $396.25 | ▲ +3.37% | ▲ +6.76% | $215.93 (−43.67%) |
May 28, 2026 18w ago | Court Ruling | $383.33 $396.25 | ▲ +3.37% | ▲ +6.76% | $215.93 (−43.67%) |
Apr 30, 2026 22w ago | 8-K | $417.41 $362.09 | ▼ −13.25% | ▼ −18.54% | $215.93 (−48.27%) |
US Market Status
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