---
schema_version: "secwatch.filing_event.v1"
accession: "0000077543-24-000092"
form_type: "8-K"
ticker: "TPC"
cik: "0000077543"
company_name: "TUTOR PERINI CORP"
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T12:58:29.788847+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Tutor Perini issues $400M 11.875% notes due 2029 to refinance $500M 2025 notes

## Summary
- Issued $400M aggregate principal of 11.875% Senior Notes due 2029 at 97.710% issue price.
- Net proceeds plus cash on hand to redeem or repay $500M of 6.875% Senior Notes due May 2025.
- Notes bear interest at 11.875%, mature April 30, 2029; first interest payment Oct 31, 2024.
- Notes are senior unsecured obligations, guaranteed by certain subsidiaries, effectively subordinated to secured debt.
- Indenture includes covenants limiting additional debt, restricted payments, mergers, liens; some suspended with investment-grade ratings.

## SEC filing metadata
- accession: 0000077543-24-000092
- form_type: 8-K
- ticker: TPC
- cik: 0000077543
- company_name: TUTOR PERINI CORP
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/77543/000007754324000092/0000077543-24-000092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/77543/000007754324000092/tpc-20240422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000077543-24-000092
- JSON: https://secwatch.observer/filing/0000077543-24-000092.json
- Plain text: https://secwatch.observer/filing/0000077543-24-000092.txt

## Key facts
- Debt Financings
  TUTOR PERINI CORP incurred senior notes of $400.0 million at 11.875% maturing mature on April 30, 2029.
  - Instrument: senior notes
  - Principal: $400.0 million
  - Rate: 11.875%
  - Maturity: mature on April 30, 2029
  - Event: incurrence
  source text: On April 22, 2024 (the “Closing Date”), Tutor Perini Corporation (the “Company”) completed the previously announced sale of $400.0 million in aggregate principal amount of 11.875% Senior Notes due 2029 (the “Notes”) at an issue price of 97.710% (the “Notes Offering”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/77543/000007754324000092/0000077543-24-000092-index.htm
- Material Agreements
  TUTOR PERINI CORP entered into Indenture with Wilmington Trust, National Association valued at $400.0 million (effective 2024-04-22).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Wilmington Trust, National Association
  - Value: $400.0 million
  - Effective: 2024-04-22
  source text: On April 22, 2024 (the “Closing Date”), Tutor Perini Corporation (the “Company”) completed the previously announced sale of $400.0 million in aggregate principal amount of 11.875% Senior Notes due 2029 (the “Notes”) at an issue price of 97.710% (the “Notes Offering”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/77543/000007754324000092/0000077543-24-000092-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.