debt
confidence high
sentiment positive
materiality 0.45
Tutor Perini proposes $400M notes offering, expands credit facility to $350M
TUTOR PERINI CORP
- Private offering of $400M senior notes due 2033; proceeds plus cash to redeem $400M of 11.875% notes due 2029.
- Concurrent credit agreement amendment increases revolver from $170M to $350M and extends maturity to 5 years.
- Refinancing targets high-cost 2029 notes; offering subject to market conditions.