Tutor Perini Prices $400 Million of Senior Notes Due 2033
Tutor Perini Corporation priced $400 million aggregate principal amount of 6.625% senior notes due 2033 in a private offering expected to close on or about July 2, 2026. The company intends to use the net proceeds, together with cash on hand, to redeem $400 million of its 11.875% Senior Notes due 2029, effectively lowering its interest rate burden.
Key figures
- Deal Value Usd
- 400000000
- New coupon
- 6.625%
- Old coupon
- 11.875%
- New maturity year
- 2033
- Old maturity year
- 2029
AI analysis
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