secwatch.observer — SEC 8-K summary
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Issuer:     TUTOR PERINI CORP (TPC)
CIK:        0000077543
Form:       8-K
Filed at:   2024-04-15T23:59:59+00:00
Accession:  0001193125-24-095551
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tutor Perini launches $400M notes offering; preliminary Q1 EPS $0.27-$0.32
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- Preliminary Q1 2024: revenue $1.025-1.075B, net income $14-17M, diluted EPS $0.27-0.32, cash from ops $96-100M.
- Launches $400M senior notes due 2029; proceeds to redeem $500M of 6.875% Senior Notes due May 2025.
- Total debt ~$800M, down ~$100M from Dec 2023; further reduction with redemption and new notes.
- Credit amendment extends revolver maturity to 2027 (was Aug 2025), cuts revolver commitments $5M to $170M.
- Amendment effective on or around settlement of notes offering; void if not effective by May 15, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/77543/000119312524095551/0001193125-24-095551-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/77543/000119312524095551/d822139d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-095551

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