secwatch.observer — SEC 8-K summary
======================================

Issuer:     TUTOR PERINI CORP (TPC)
CIK:        0000077543
Form:       8-K
Filed at:   2023-12-20T23:59:59+00:00
Accession:  0000077543-23-000208
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tutor Perini extends spring-forward maturity on 89.8% of Term Loan B to Apr 21, 2025; hires Goldman for refinancing
--------------------------------------------------------------------------------

- Amended 2020 Credit Agreement: spring-forward maturity for 89.8% of $368.2M Term Loan B extended to Apr 21, 2025 from Jan 30, 2025.
- Consenting lenders received a fee of 0.50% of principal; non-consenting lenders' portion retains Jan 30, 2025 maturity.
- Company has $500M in 6.875% Senior Notes due May 1, 2025; no revolver balance drawn.
- Engaged Goldman Sachs & Co. to assist with Senior Notes refinancing in early 2024.
- Perella Weinberg Partners led the amendment; Company may use cash balances for repayment or refinancing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/77543/000007754323000208/0000077543-23-000208-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/77543/000007754323000208/tpc-20231220.htm
  HTML page:      https://secwatch.observer/filing/0000077543-23-000208

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer