The Firm recently represented J.P. Morgan Securities LLC and BofA Securities, Inc., as dealer managers, in connection with an exchange of a portion of the outstanding 6.625% Senior Notes due 2029 issued by IEA Energy Services LLC, a wholly-owned subsidiary of Infrastructure and Energy Alternatives, Inc. (“IEA”), for an equal aggregate principal amount of 6.625% Senior Notes due 2029 issued by MasTec, Inc. (“MasTec”). The exchange offer was made in connection with MasTec’s acquisition of IEA and settled on October 26, 2022.
MasTec is a leading infrastructure construction company operating mainly throughout North America across a range of industries. MasTec acquired IEA on October 7, 2022.
The Simpson Thacher team for the transaction included John C. Ericson, Patrick Baron, Ben Pittenger, Wang Chen and Matt Elkwood (Capital Markets); Jonathan Cantor and Kris Liu (Tax); Pasco Struhs (Executive Compensation and Employee Benefits); Corina McIntyre (Intellectual Property); and Jennie Getsin (Blue Sky).