MasTec to repay balance on credit facility via senior note offering

By Tali David

Minneapolis, March 1 - MasTec, Inc. plans to repay the outstanding balance under its existing credit facility with the proceeds of a $350 million senior note offering, according to a press release.

Proceeds will also be used to fund the repurchase or redemption of MasTec's $150 million of 7 5/8% senior notes due 2017 and for working capital and other general corporate purposes.

MasTec is a Coral Gables, Fla.-based infrastructure construction company.

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