Laureate Education Boosts Buyback Plan To $650M

  • Laureate Education Inc LAUR board of directors approved an increase in the existing share repurchase program from $600 million to $650 million.
  • The company has repurchased about $530 million of shares under the authorization to date.
  • Laureate expects to finance the additional $50 million of repurchases with cash-on-hand or from its revolving credit facility.
  • The company expects to complete the repurchase program by the end of 2022.
  • Laureate Education held $345.6 million in cash and equivalents as of December 31, 2021.
  • Price Action: LAUR shares closed lower by 1.40% at $11.98 on Monday.

Posted In: BriefsNewsBuybacksGeneral

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