Tutor Perini Corp. (TPC) just unveiled an announcement.
On April 15, 2024, the Company launched a notes offering to fund the repurchase of its $500 million Senior Notes due in 2025, supplementing the funds with available cash. Simultaneously, the Company amended its credit agreement to extend the maturity date of its revolving credit facility and reduce its total commitments. These strategic financial moves are designed to optimize the Company’s capital structure, but they involve forward-looking statements and are subject to various risks and uncertainties that could impact the Company’s future results.
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