Tutor Perini pre-pays additional $100M on Term Loan B; target exceeded

TUTOR PERINI CORP

Voluntary paydown of $100M on Term Loan B, reducing principal to ~$123M.
Total deleveraging of $150M in the last month, hitting upper-end Q4 target.
Now expects Q1 2025 paydown to exceed previously guided $50-75M range.
Company cites improved cash flow and commitment to balance sheet strength.

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