Tutor Perini Completes Redemption of $500 Million of Senior Notes
Tutor Perini Corporation (TPC)
Last tutor perini corporation earnings: 2/26 04:15 pm
Check Earnings Report
US:NYSE Investor Relations:
investors.tutorperini.com/investor-overview/default.aspx
Company Research
Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that it has completed the redemption of $500 million aggregate principal amount of the Company’s 6.875% Senior Notes due May 1, 2025 (the “2025 Notes”).The Company funded the payment for the redemption of the 2025 Notes with the net proceeds of its previously announced offering of $400 million in aggregate principal amount of 11.875% Senior Notes due 2029, together with cash on hand.Tutor Perini’s President, Gary Smalley, commented, “We are pleased with the significant progress we have made in reducing our debt by nearly $200 million since the end of last year and in the successful completion of our recent refinancing. We remain committed to de-leveraging and will continue to use our excess cash for that purpose over the near term.”The refinancing transaction was led by Goldman Sachs & Co. LLC.About Tutor Perini Corporati
Show less
Read more
Impact Snapshot
Event Time:
TPC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TPC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TPC alerts
High impacting Tutor Perini Corporation news events
Weekly update
A roundup of the hottest topics
TPC
News
- California high-speed rail project is late, over budget. But there's no $11B bridge | Fact check [USA TODAY]USA TODAY
- These Return Metrics Don't Make Tutor Perini (NYSE:TPC) Look Too Strong [Yahoo! Finance]Yahoo! Finance
- Tutor Perini Completes Redemption of $500 Million of Senior Notes [Yahoo! Finance]Yahoo! Finance
- Tutor Perini (TPC) Share Rose 58% in Q1 [Yahoo! Finance]Yahoo! Finance
- Tutor Perini Co. (NYSE: TPC) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
TPC
Earnings
- 4/25/24 - Beat
TPC
Analyst Actions
- 3/12/24 - UBS
TPC
Sec Filings
- 5/15/24 - Form 144
- 4/25/24 - Form 10-Q
- 4/25/24 - Form 8-K
- TPC's page on the SEC website