Tutor Perini (TPC) said Wednesday it has pre-paid an additional $100 million of its term loan B debt.
With the $50 million paydown of the loan disclosed in its Nov. 6 earnings release, the construction company said it has reduced its debt by $150 million in the last month.
About $123 million in principal now remains on its term loan B.
The company previously said it plans to pay down an additional $50 million to $75 million of the debt in Q1 2025. It now said it expects to repay an amount above $75 million.
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