Tutor Perini Corporation has priced $400 million aggregate principal amount of 6.625% senior notes due 2033 in a private offering. The sale is expected to close on or about July 2, 2026, subject to customary conditions. The company intends to use the net proceeds, together with cash on hand, to redeem $400 million aggregate principal amount of its 11.875% Senior Notes due April 30, 2029 and pay related premiums, accrued interest, and fees. The new notes will be senior unsecured obligations guaranteed by each of the company's wholly owned domestic subsidiaries that guarantee its revolving credit facility. The offering is being made only to qualified institutional buyers under Rule 144A and outside the United States under Regulation S.
Tutor Perini CorporationRefinancing high-cost 11.875% notes with lower 6.625% notes reduces interest expense
AT&T Inc.