Tutor Perini Corporation announced on January 21, 2025, that it has prepaid an additional $75 million of its Term Loan B debt. This latest paydown brings the total debt reduction to $430 million over the past twelve months.
Of the total debt reduction, $320 million is attributed to the early paydown of the Term Loan B. As of January 21, 2025, the remaining principal balance of the Term Loan B was approximately $47 million.
This continued deleveraging effort underscores the company's focus on optimizing its capital structure. The reduction in debt is expected to lower interest costs and improve financial flexibility.
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