Tutor Perini tenders for $300 million of 7 5/8% senior notes due 2018

By Susanna Moon

Chicago, April 10 – Tutor Perini Corp. began a cash tender for its $300 million principal amount of outstanding 7 5/8% senior notes due 2018.

Holders will receive $1,004 in cash per $1,000 principal amount of notes tendered by the end of the offer at 5 p.m. ET on April 17.

The company also will pay accrued interest to but excluding the settlement date of April 20.

Tenders may be withdrawn at any time before the offer ends.

The offer is contingent on the company receiving proceeds from a proposed debt financing to fund the repurchase, along with cash on hand and borrowings under its credit facilities, according to a company announcement.

Goldman Sachs & Co. (800 828-3182) is the dealer manager. D.F. King & Co., Inc. (800 714-3310, 212 269-5550, tpc@dfking.com or dfking.com/tpc) is the information agent and tender agent.

Tutor Perini is a Sylmar, Calif.-based civil and building construction company.

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