The actors’ union and Broadway theater producers have reached a tentative agreement for a new 39-month contract that covers Broadway shows and touring productions.

Actors’ Equity Association and the Broadway League, which represents both producers and theater owners, had been negotiating past the deadline of midnight Sunday, when the last contract expired.

The contract agreement, announced Wednesday in a joint statement, averts the possibility of a strike. Stagehands walked off the job in November, shutting down more than two dozen Broadway shows for 19 days and costing producers and the city of New York millions of dollars in lost revenue.

More details on the actors’ new contract were expected later Wednesday.