MasTec, Inc. has entered into a new senior unsecured delayed draw term loan agreement totaling $700 million. This facility is composed of a $400 million three-year tranche and a $300 million four-year tranche, intended to finance a portion of an acquisition and related expenses. The company also amended its existing credit facility, increasing revolving borrowing commitments by $350 million to an aggregate of $2.25 billion. MasTec has agreed to acquire Electrical Specialists, Inc., d/b/a The Superior Group, a full-service electrical contractor specializing in data centers and critical infrastructure, for approximately $475 million. The acquisition consideration will be paid partly in MasTec common stock, with an estimated 1,195,721 shares to be issued, representing about 1.5% of outstanding shares post-issuance. The acquisition is expected to close in the third quarter of 2026, subject to customary closing conditions, including antitrust review. The company appointed Manuel Benito Miranda as a Class II director to its Board, increasing the board size to nine members. Mr. Miranda has also been appointed to the Compensation Committee.