---
schema_version: "secwatch.filing_event.v1"
accession: "0001965040-24-000047"
form_type: "8-K"
ticker: "FTRE"
cik: "0001965040"
company_name: "Fortrea Holdings Inc."
filed_at: "2024-06-20T23:59:59+00:00"
generated_at: "2026-06-01T03:44:00.411333+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Fortrea repays $275M in term loans, plans $200M more via $300M receivables securitization

## Summary
- Repaid $129M on June 14 and $146M on June 18, total $275M principal reduction on term loans.
- On June 20, Fortrea Receivables LLC sold receivables, received $300M under securitization program.
- Intends to apply up to $200M of securitization proceeds to further reduce term loans before Q2 end.
- Estimated debt as of June 30, 2024: $1,142M ($570M senior notes + $572M term loans).
- Company intends to fully utilize the $300M receivables securitization program for the foreseeable future.

## SEC filing metadata
- accession: 0001965040-24-000047
- form_type: 8-K
- ticker: FTRE
- cik: 0001965040
- company_name: Fortrea Holdings Inc.
- filed_at: 2024-06-20T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1965040/000196504024000047/0001965040-24-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1965040/000196504024000047/ftre-20240614.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001965040-24-000047
- JSON: https://secwatch.observer/filing/0001965040-24-000047.json
- Plain text: https://secwatch.observer/filing/0001965040-24-000047.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.