Laureate Education Announces New $100 Million Share Repurchase Program
LAURLaureate Education(LAUR) GlobeNewswire News Room·2024-09-13 18:00

MIAMI, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Laureate Education, Inc. (NASDAQ: LAUR) (the “Company”) announced that its board of directors has approved a new stock repurchase program to acquire up to 100 millionoftheCompanyscommonstock.TheCompanyintendstofinancetherepurchaseswithfreecashflow,excesscashandliquidityonhand,includingavailablecapacityunderitsRevolvingCreditFacility.TheCompanyhascompletedthe100 million of the Company’s common stock. The Company intends to finance the repurchases with free cash flow, excess cash and liquidity on-hand, including available capacity under its Revolving Credit Facility. The Company has completed the 100 million repurchase program that had previously been announced in Fe ...