Tutor Perini starts roadshow for $500 million eight-year notes

By Paul A. Harris

Portland, Ore., Oct. 24 – Tutor Perini Corp. began a roadshow on Monday in New York and New Jersey for a $500 million offering of eight-year senior notes, according to a syndicate source.

The roadshow continues in New York on Tuesday, moves to Boston on Wednesday and to Los Angeles on Thursday.

Goldman Sachs & Co. is the left bookrunner for the Rule 144A and Regulation S offering. SunTrust Robinson Humphrey Inc., BMO Securities and KeyBanc Capital Markets are the joint bookrunners.

The notes come with three years of call protection.

The Sylmar, Calif.-based civil and building construction company plans to use the proceeds, together with borrowings under its revolver, to redeem its existing senior notes and pay its existing term loan and revolver.

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