secwatch.observer — SEC 8-K summary
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Issuer:     TUTOR PERINI CORP (TPC)
CIK:        0000077543
Form:       8-K
Filed at:   2026-07-06T13:03:11+00:00
Accession:  0000077543-26-000163
Event type: debt
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tutor Perini issues $400M 6.625% notes due 2033, redeems 11.875% 2029 notes, amends credit facility
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- Issued $400M 6.625% notes due 2033; proceeds used to redeem $400M 11.875% 2029 notes at 108.906%.
- Amended credit agreement: revolver increased from $170M to $350M, maturity extended to July 2, 2031.
- SOFR margin reduced to 1.75%-2.50% (from 4.25%-4.75%); base rate margin reduced to 0.75%-1.50%.
- New financial covenants: max Total Net Leverage Ratio 3.50:1.00, min cash Interest Coverage Ratio 3.00:1.00.
- Redemption of 2029 Notes completed on July 2, 2026 at 108.906% of principal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/77543/000007754326000163/0000077543-26-000163-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/77543/000007754326000163/tpc-20260702.htm
  HTML page:      https://secwatch.observer/filing/0000077543-26-000163

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