Mastec Inc.

NYSE:MTZ   3:59:55 PM EDT
83.69
-2.80 (-3.24%)
Debt Financing / Related

Mastec Inc To Acquire Henkels & Mccoy

Published: 12/20/2021 12:09 GMT
Mastec Inc. (MTZ) - Mastec to Acquire Henkels & Mccoy, a Premier Utility Services Provider.
Mastec Inc - Deal for Total Transaction Consideration Will Be $600 Million, With About $420 Million in Cash.
Mastec Inc - Cash Will Be Provided by Co's Cash on Hand As Well As Borrowing Under Existing Unsecured Credit Facility.
Mastec Inc - Deal Value Includes About 2 Million Shares of Mastec Common Stock.
Mastec - Anticipates That Post-acquisition Leverage Metrics Will Remain Comfortably Within Its Target Range With Ample Liquidity.