Tutor Perini Continues to Strengthen Balance Sheet with an Additional $75 Million Debt Paydown
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Tutor Perini Corporation has prepaid an additional $75 million of its Term Loan B debt, totaling $430 million in debt reduction over the past year. This move strengthens the company's balance sheet.
January 21, 2025 | 11:15 am
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Tutor Perini Corporation has prepaid an additional $75 million of its Term Loan B debt, totaling $430 million in debt reduction over the past year. This move strengthens the company's balance sheet.
The additional $75 million debt paydown by Tutor Perini is a positive financial move, reducing leverage and strengthening the balance sheet. This is likely to be viewed favorably by investors, potentially leading to a positive short-term impact on the stock price.
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