05:12 PM EDT, 04/17/2024 (MT Newswires) -- Tutor Perini ( TPC ) said late Wednesday it priced an offering of $400 million of 11.875% notes due 2029 in a private offering.
The offering is expected to be completed on or about April 22, the company said.
Net proceeds from the offering, plus cash on hand, will be used to redeem $500 million of 6.875% notes due May 2025, it said.