Short answer
TUTOR PERINI CORP (TPC) filed an 8-K current report with the SEC on July 6, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 8.01 (Other Events). $400M of 6.625% senior notes due July 15, 2033, replacing higher-cost 11.875% notes due 2029.
TUTOR PERINI CORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- $400M of 6.625% senior notes due July 15, 2033, replacing higher-cost 11.875% notes due 2029
- Refinancing reduces stated coupon by 5.25 percentage points and extends maturity by approximately four years
- Revolving credit commitments increased from $170M to $350M, with maturity extended to July 2, 2031
- Credit facility pricing lowered to 1.75%-2.50% SOFR margin, but leverage and interest-coverage tests changed
- New covenants require maximum 3.50x total net leverage and minimum 3.00x cash interest coverage
Item 8.01 · Other Events
- Tutor Perini redeemed all remaining 2029 Notes on July 2, 2026
- Redemption price: 108.906% of principal, or $1,089.06 per $1,000
- Accrued and unpaid interest paid through the redemption date
- Debt retirement removes the 2029 maturity but required a premium cash outlay
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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