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Bulletin: MasTec Inc. Ratings And Outlook Unaffected By Company's Amended And Restated Revolving Credit Facility Aug 11
Standard & Poors, Aug 2011
Abstract
NEW YORK (Standard & Poor's) Aug. 24, 2011--Standard & Poor's Ratings Services said today that its ratings and outlook on MasTec Inc. (BB-/Positive/--) are not affected by the company's announcement that it has amended and restated its senior secured revolving credit facility, increasing the size to $600 million from $260 million and extending its maturity to 2016. We believe the larger facility will enable MasTec to bid on more and larger infrastructure construction projects, reflecting the company's improved scale and diversity over the past several years. We also believe MasTec will use the facility to fund acquisitions and to support organic growth....
Companies mentioned in this report are: MasTec Inc.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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