Tutor Perini amends, ups revolving credit facility to $350 million, extends maturity to 2031
Bank of Montreal BMO | 0.00 | |
Tutor Perini Corporation TPC | 0.00 |
- Tutor Perini amended and restated its credit agreement with BMO Bank, extending its revolving credit facility maturity to July 2, 2031.
- Revolving credit commitments increased to USD 350 million from USD 170 million.
- Pricing reset to a SOFR margin of 1.75%-2.5% based on total net leverage, with a base-rate margin of 0.75%-1.5%.
- Maintenance covenants replaced with a maximum total net leverage ratio of 3.5x, plus a minimum cash interest coverage ratio of 3x.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tutor Perini Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000077543-26-000163), on July 06, 2026, and is solely responsible for the information contained therein.
