MasTec to call all of 7¾% notes due 2008

By Laura Lutz

Des Moines, Jan. 16 - MasTec, Inc. plans to redeem all of its outstanding 7¾% senior subordinated notes due February 2008, according to a news release.

The redemption will be funded with proceeds from a planned $150 million private placement of senior notes due 2017.

The company expects to redeem the 7¾% notes within 30 days of the closing of the offering.

MasTec is an infrastructure contractor based in Coral Gables, Fla.

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