On April 15, 2024, Tutor Perini Corporation announced that it has entered into an amendment to the credit agreement, dated as of August 18, 2020, with BMO Bank N.A. (BMO Harris Bank N.A.), as Administrative Agent, Swing Line Lender and L/C Issuer and other lenders thereto, governing the Company?s senior secured credit facilities currently consisting of tranches of term loan B credit facilities with $275.1 million outstanding as of April 12, 2024 (the ?Term Loan B?) and an undrawn $175 million revolving credit facility (the ?Revolver?). Among other changes, (1) the Revolver will have its maturity date extended from August 18, 2025 to (a) if any tranche of the Term Loan B, any incremental term loan or any refinancing term loan (or any refinancing or replacement thereof) remains outstanding, the earlier of (i) May 20, 2027 and (ii) the date that is ninety (90) days prior to the final maturity of any tranche of the Term Loan B, any incremental term loan or any refinancing term loan (or any refinancing or replacement thereof), as applicable, and (b) if no obligations are outstanding with respect to any tranche of the Term Loan B, any incremental term loan or any refinancing term loan, August 18, 2027 and (2) the aggregate commitments in respect of the Revolver will be permanently reduced by $5 million from $175 million to $170 million. The Credit Agreement Amendment is expected to become effective on or around the settlement date of the Offering, subject to satisfaction or waiver of conditions to effectiveness thereunder (including, without limitation, (a) the consummation of the refinancing of $500 million of the Senior Notes due 2025 of the Company with the proceeds of the senior notes due 2029 and cash on hand, and (b) the terms of the notes being reasonably satisfactory to the revolving credit lenders).

If the Credit Agreement Amendment does not become effective prior to May 15, 2024, the Credit Agreement Amendment will become null and void and the contemplated amendments to the credit agreement will not be effective.