Tutor Perini Offers $400 Million Senior Notes Due 2033
Tutor Perini Corporation (NYSE: TPC) announced a private offering of $400 million aggregate principal amount of senior unsecured notes due 2033, guaranteed by its wholly owned domestic subsidiaries that guarantee its revolving credit facility.
Tutor Perini Corporation (NYSE: TPC) announced a private offering of $400 million aggregate principal amount of senior notes due 2033. The civil, building and specialty construction company disclosed the transaction in a June 22 press release.
The notes will be senior unsecured obligations of the company and will be guaranteed by each of its wholly owned domestic subsidiaries that guarantee its revolving credit facility. The company stated it intends to use the net proceeds from the offering, though the press release did not specify the complete use of proceeds or pricing terms for the notes.
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