Tutor Perini Further Strengthens Balance Sheet with $100 Million Debt Paydown [Yahoo! Finance]
Tutor Perini Corporation (TPC)
Last tutor perini corporation earnings: 2/26 04:15 pm
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Source: Yahoo! Finance
construction company, announced today that the Company has pre-paid an additional $100 million of its Term Loan B debt. Building on the paydown of $50 million of the Term Loan B debt that was disclosed in the Company's November 6, 2024 earnings release, Tutor Perini has now successfully deleveraged its balance sheet by $150 million in the last month, representing the upper end of its targeted debt reduction plan for the fourth quarter of 2024. As of November 20, 2024, the remaining principal balance of the Term Loan B, after these recent paydowns, was approximately $123 million. The Company recently disclosed plans to pay down an additional $50 million to $75 million of the Term Loan B debt in the first quarter of 2025, and it now expects to pay down an amount that exceeds the upper end of this range. All the debt repayments mentioned above represent voluntary, early paydowns of the Term Loan B debt. About Tutor Perini Corporation Tutor Perini Corporation is a leading civil, bui
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News
- Tutor Perini Further Strengthens Balance Sheet with $100 Million Debt PaydownBusiness Wire
- Tutor Perini to Serve as Managing Partner for $1.18B Project [Yahoo! Finance]Yahoo! Finance
- Tutor Perini - O&G Joint Venture Awarded $1.18 Billion AirTrain Newark Replacement Program - Guideway and Stations Project [Yahoo! Finance]Yahoo! Finance
- Tutor Perini - O&G Joint Venture Awarded $1.18 Billion AirTrain Newark Replacement Program - Guideway and Stations ProjectBusiness Wire
- Tutor Perini/O&G JV lands $1.2B Newark AirTrain job [Yahoo! Finance]Yahoo! Finance
TPC
Earnings
- 11/6/24 - Miss
TPC
Analyst Actions
- 10/23/24 - UBS
TPC
Sec Filings
- 11/22/24 - Form 4
- 11/21/24 - Form 144
- 11/20/24 - Form 144
- TPC's page on the SEC website