On July 20, 2026, MasTec, Inc. borrowed $700 million under a new senior unsecured delayed draw term loan agreement and $600 million under its existing Credit Facility. A total of approximately $1.28 billion of these funds were used to finance the cash consideration for the acquisition of Electrical Specialists, Inc. (d/b/a the Superior Group) and related fees, with the remaining balance used for working capital. MasTec is an infrastructure construction company that provides engineering, procurement, and construction services.
