Tutor Perini Announces Conference Call to Discuss First Quarter Results
Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, announced today that it will host a conference call at 2:00 PM Pacific Time on Wednesday, May 3, 2017 , to discuss the Company's first quarter results. Speakers on the call from Tutor Perini will be Ronald Tutor, Chairman and CEO, and Gary Smalley, Executive Vice President and CFO. The Company plans to distribute its earnings announcement the same day after the market close. To participate in the conference call, please dial 877-407-8293 five to ten minutes prior to the scheduled time. International callers should dial +1-201-689-8349. The conference call will be webcast live over the Internet and can be accessed by all interested parties on Tutor Perini's website at www.tutorperini.com. To listen to the webcast, please visit Tutor Perini's website at least fifteen minutes prior to the start of the call to register and to download and install any necessary software. For those unable to participate...
Tutor Perini Announces Results of Cash Tender Offer for its Outstanding 7⅝% Senior Notes Due 2018
Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil and building construction company, today announced the results of its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of its 7⅝% Senior Notes due 2018 (the “2018 Notes”) having an outstanding aggregate principal amount of $300 million . The Tender Offer expired at 5:00 p.m., New York City time, on April 17, 2017. The Company has accepted for purchase approximately $131.34 million (or approximately 43.78%) of the outstanding 2018 Notes. The Company will pay all holders of 2018 Notes accepted for purchase in the tender offer $1,004.00 per $1,000.00 principal amount of 2018 Notes validly tendered and accepted for purchase plus accrued and unpaid interest to, but not including, the settlement date, which is expected to be April 20, 2017. The Company expects to fund the payment for the validly tendered and accepted 2018 Notes with the net proceeds of previously announced offering of...
Tutor Perini Prices $500 Million of Senior Notes
Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil and building construction company, today announced it has priced an offering of $500 million in aggregate principal amount of 6.875% Senior Notes due 2025 (the “notes”) in a private offering. The sale of the notes is expected to be completed on or about April 20, 2017 . The notes will be senior unsecured obligations of the Company and will be guaranteed by certain of its subsidiaries. The Company intends to use the net proceeds from this offering, together with borrowings under a new revolving credit facility, to repurchase any and all of its outstanding 7.625% Senior Notes due 2018 (the “2018 Notes”) through a tender offer (the “Tender Offer”) announced on April 10, 2017 and subsequent redemption, to pay off its existing term loan and existing revolver and to pay transaction fees and expenses related to the offering. The offering, amount and terms of the notes are subject to market conditions. The notes and related...