Tutor Perini Further Strengthens Balance Sheet with $100 Million Debt Paydown
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Tutor Perini Corporation has announced a $100 million pre-payment of its Term Loan B debt, further strengthening its balance sheet. This follows a previous $50 million paydown, totaling $150 million in debt reduction over the past month.
November 20, 2024 | 11:15 am
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Tutor Perini Corporation has pre-paid an additional $100 million of its Term Loan B debt, following a previous $50 million paydown. This move strengthens the company's balance sheet by reducing its debt by $150 million in the last month.
The $100 million debt paydown, following a previous $50 million reduction, significantly strengthens Tutor Perini's balance sheet. This deleveraging reduces financial risk and interest expenses, likely leading to a positive short-term impact on the stock price.
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