12:29 PM EST, 01/21/2025 (MT Newswires) -- Tutor Perini ( TPC ) said Tuesday that it has prepaid an additional $75 million of its term loan B.

With this payment, the company has reduced deleverage its balance sheet by a total of $430 million over the past 12 months, including $320 million from the early paydown of the loan B.

As of Tuesday, $47 million remains as outstanding balance on the loan.

Tutor Perini ( TPC ) shares were up 6% in recent trading.

Price: 26.91, Change: +1.51, Percent Change: +5.94