Tutor Perini Postpones Senior Notes Offering
Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil and building construction company, today announced
that, as a result of adverse market conditions, it has postponed its planned private offering of $500 million in senior notes. The
Company will evaluate the timing for the proposed offering as market conditions develop, and at this time does not intend to redeem
its outstanding 7.625% Senior Notes due 2018 or enter into a new credit facility.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the notes and any related
guarantees. Any offers of the notes and related guarantees will be made only by means of a private offering circular.
About Tutor Perini Corporation
Tutor Perini Corporation is a leading civil and building construction company offering diversified general contracting and
design-build services to private clients 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 the planning and scheduling of the 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). We are known for our major
complex building project commitments, as well as our capacity to perform large and complex transportation and heavy civil
construction for government agencies and private clients throughout the world.
Note Regarding Forward-Looking Statements
The statements contained in this release that are not purely historical are forward-looking statements within the meaning of
Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, including without limitation, statements
regarding the Company’s intentions, expectations or beliefs regarding the notes offering. The Company’s current expectations and
beliefs are expressed in good faith and the Company believes there is a reasonable basis for them. There can be no assurance,
however, that future developments affecting the Company will be those that the Company has anticipated. These forward-looking
statements involve a number of risks, uncertainties (some of which are beyond the control of the Company) or other assumptions that
may cause actual results to be materially different from those expressed or implied by such forward-looking statements. The Company
undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required under applicable law.
Tutor Perini Corporation
Jorge Casado, 818-362-8391
Vice President, Investor Relations & Corporate Communications
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