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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The
Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): January 21, 2025

Tutor Perini Corporation
(Exact name of registrant as specified in its charter)
Massachusetts1-631404-1717070
(State or Other Jurisdiction
of Incorporation)		(Commission
File Number)		(IRS Employer
Identification No.)
 
15901 Olden Street, Sylmar, California 91342-1093
(Address of Principal Executive Offices, and Zip Code)
 
(818) 362-8391
(Registrant’s Telephone Number, Including Area Code)
 
None
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $1.00 par valueTPCThe New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐



Item 8.01. Other Events.

On January 21, 2025, Tutor Perini Corporation (the “Company”) issued a press release announcing that it has pre-paid an additional $75 million of its Term Loan B debt. The debt repayment represents a voluntary, early paydown of the Company’s Term Loan B debt. A copy of that press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.


Item 9.01.        Financial Statements and Exhibits

(d)          Exhibits
Exhibit NumberDescription
104The cover page from this Current Report on Form 8-K formatted in Inline XBRL (included as Exhibit 101).

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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
TUTOR PERINI CORPORATION
Date: January 21, 2025
By:
/s/ Ifigenia Protopappas
Ifigenia Protopappas
Corporate Secretary

3

tpca01a.jpg

News Release

Tutor Perini Continues to Strengthen Balance Sheet with an Additional $75 Million Debt Paydown

LOS ANGELES – (BUSINESS WIRE) – January 21, 2025 – Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that the Company has prepaid an additional $75 million of its Term Loan B debt. With this latest paydown, Tutor Perini has now successfully deleveraged its balance sheet by a total of $430 million over the past twelve months, with $320 million of the debt reduction due to the early paydown of the Term Loan B.

As of January 21, 2025, the remaining principal balance of the Term Loan B, after these recent paydowns, was approximately $47 million.

About Tutor Perini Corporation

Tutor Perini Corporation is a leading civil, building and specialty construction company offering diversified general contracting and design-build services to private customers and public agencies throughout the world. We have provided construction services since 1894 and have established a strong reputation within our markets by executing large, complex projects on time and within budget, while adhering to strict quality control measures. We offer general contracting, pre-construction planning and comprehensive project management services, including planning and scheduling of manpower, equipment, materials and subcontractors required for a project. We also offer self-performed construction services including site work, concrete forming and placement, steel erection, electrical, mechanical, plumbing and heating, ventilation and air conditioning (HVAC).

Contact:

Tutor Perini Corporation
Jorge Casado, 818-362-8391
Vice President, Investor Relations & Corporate Communications
www.tutorperini.com


v3.24.4
Cover
Jan. 21, 2025
Cover [Abstract]  
Document Type 8-K
Document Period End Date Jan. 21, 2025
Entity Registrant Name Tutor Perini Corporation
Entity Incorporation, State or Country Code MA
Entity File Number 1-6314
Entity Tax Identification Number 04-1717070
Entity Address, Address Line One 15901 Olden Street
Entity Address, City or Town Sylmar
Entity Address, State or Province CA
Entity Address, Postal Zip Code 91342-1093
City Area Code (818)
Local Phone Number 362-8391
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $1.00 par value
Trading Symbol TPC
Security Exchange Name NYSE
Entity Central Index Key 0000077543
Entity Emerging Growth Company false
Amendment Flag false
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