TUTOR PERINI CORP 8-K

What Happened

• On June 22, 2026, Tutor Perini Corporation announced it commenced a proposed private offering of $400 million aggregate principal amount of senior notes due 2033. The company intends to use the net proceeds, together with cash on hand, to redeem $400 million of its 11.875% Senior Notes due April 30, 2029 and to pay related premiums, accrued interest, fees and expenses.
• Substantially concurrent with the Offering, Tutor Perini expects to amend and restate its existing credit agreement to modify its revolving credit facility by extending the facility’s maturity to five years from the amendment date and increasing commitments from $170.0 million to $350.0 million. The filing notes the Offering and amendment are subject to market and other conditions and that the new Notes have not been registered under the Securities Act.

Key Details

• Offering: $400 million aggregate principal amount of senior notes due 2033 (announced June 22, 2026).
• Planned use of proceeds: Redeem $400 million of 11.875% Senior Notes due April 30, 2029, plus premiums, accrued interest and related costs.
• Revolving Credit Facility: commitments increasing from $170.0M to $350.0M and maturity extended to five years from amendment effectiveness.
• Regulatory/transactional notes: Notes will be offered privately (not registered); Form 8‑K is disclosure only and not a redemption notice.

Why It Matters

• The move is a refinancing and liquidity action: Tutor Perini plans to replace high-coupon 2029 notes with new 2033 notes and to expand and extend its revolving credit capacity. That can affect the company’s interest obligations, cash flow timing, and near‑term liquidity profile.
• For investors, key items to watch are final terms of the new notes (coupon and pricing), whether the 2029 notes are formally redeemed, and the effective amendment of the credit agreement—each will influence capital structure and financial flexibility. The transactions remain subject to market conditions and completion.