Tutor Perini to repay term loan, revolver with convertible offering

By Tali Rackner

Norfolk, Va., June 8 – Tutor Perini Corp. plans to repay a portion of the borrowings outstanding under its term loan and revolving credit facility with the proceeds from a $125 million convertible senior note offering, according to a filing with the Securities and Exchange Commission.

Proceeds will also be used to pay fees and expenses related to the offering and for general corporate purposes.

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

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