MasTec plans to redeem all 7 5/8% senior notes due 2017 on April 1

By Tali David

Minneapolis, March 18 - MasTec, Inc. plans to redeem all of its 7 5/8% senior notes due 2017, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed at 102.542 plus accrued interest on April 1.

The company said it will fund the redemption using a portion of the proceeds from the sale of its $400 million principal amount of 4 7/8% senior notes due 2023.

U.S. Bank NA is the trustee.

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

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