TUTOR PERINI CORP (TPC) Form 8-K — Jul 6, 2026

$TPCForm 8-KItems 1.01, 2.03, 8.01, 9.01Filed Jul 6, 2026, 9:03 AM ET0000077543-26-000163Original filing

Tutor Perini Corporation completed a $400 million offering of 6.625% Senior Notes due 2033 to redeem its outstanding 11.875% Senior Notes due 2029. This refinancing significantly lowers the company's borrowing costs by over 500 basis points and extends the debt maturity profile to 2033. Concurrently, the company amended and restated its credit agreement with BMO Bank N.A., increasing its revolving credit facility commitments from $170 million to $350 million and extending the maturity to July 2031.

Key figures

Debt Amount: $400,000,000
Interest Rate: 6.625%
Maturity Date: July 15, 2033
Gross Proceeds: $400,000,000
Old Debt Rate: 11.875%
Redemption Price: 108.906%
Revolver Increase: $180,000,000
Revolver New Total: $350,000,000
Revolver New Maturity: July 2, 2031
New Revolver SOFRMargin: 1.75% - 2.50%
Old Revolver SOFRMargin: 4.25% - 4.75%

Price after filing

1 day: -6.3%7 days: -6.5%30 days: +7.3%

Close on the filing date to close N calendar days later (from $79.91). Historical, not a forecast.

AI analysis

Red flags1 · Pro

The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.

Upgrade to Pro · $40.67/mo billed annually

AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.