XML 49 R33.htm IDEA: XBRL DOCUMENT v3.6.0.2
Debt (Tables)
12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Schedule of Carrying Values of Debt
The following table provides details of the carrying values of debt as of the dates indicated (in millions):
 
 
 
 
December 31,
 Description
 
Maturity Date
 
2016
 
2015
Senior secured credit facility:
 
 
 
 
 
 
Revolving loans
 
October 29, 2018
 
$
279.9

 
$
208.5

Term loan
 
November 21, 2019
 
237.5

 
250.0

4.875% Senior Notes
 
March 15, 2023
 
400.0

 
400.0

Other credit facilities
 
Varies
 
13.4

 
16.4

Capital lease obligations, weighted average interest rate of 2.9%
 
In installments through December 1, 2021
 
98.6

 
130.9

Notes payable, weighted average interest rate of 3.1%
 
In installments through December 15, 2018
 
6.4

 
17.4

Total long-term debt obligations
 
$
1,035.8

 
$
1,023.2

Less unamortized deferred financing costs (a)
 
(9.8
)
 
(12.9
)
Total debt, net of deferred financing costs
 
$
1,026.0

 
$
1,010.3

Current portion of long-term debt
 
64.6

 
77.4

Long-term debt
 
$
961.4

 
$
932.9


(a)
The Company adopted ASU 2015-03 as of January 1, 2016, which resulted in the reclassification of $12.9 million of deferred financing costs from other current and other long-term assets to current and long-term debt as of December 31, 2015.
Schedule of Contractual Maturities of Debt and Capital Lease Obligations
Contractual maturities of MasTec’s debt and capital lease obligations as of December 31, 2016 were as follows (in millions):
2017
$
64.9

2018
340.6

2019
224.7

2020
3.6

2021
2.0

Thereafter
400.0

Total
$
1,035.8