07:32 AM EDT, 06/20/2024 (MT Newswires) -- MasTec ( MTZ ) said Tuesday that its IEA Energy Services unit has received valid consents from more than 90% of holders of the unit's 6.625% senior notes due 2029 for proposed changes to the notes indenture through a previously announced cash tender offer.

The company said IEA has accepted for purchase all notes validly tendered by participating holders ahead of the offer's July 5 expiration, with payment slated for June 24.

MasTec ( MTZ ) said these noteholders have also agreed to certain changes, including allowing IEA to revise or eliminate certain covenants governing the notes.

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