Laureate Education Inc (LAUR)

[StockLogistics]

“4:33p ET 12/14/2021 - PR Newswire
LAUREATE EDUCATION ANNOUNCES INCREASE TO SHARE REPURCHASE PROGRAM

Laureate Education, Inc. (NASDAQ: LAUR) (the "Company") today announced that its board of directors approved an increase in the Company's existing share repurchase program, from $500 million to $600 million, to acquire shares of the Company's Common Stock. The Company has repurchased approximately $435 million of shares under the authorization to-date.

The Company expects to finance the additional $100 million of repurchases with cash on-hand or from its revolving credit facility, or a combination thereof. The Company also expects to complete the repurchase program in the first half of 2022, dependent on market conditions.
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View original content:https://www.prnewswire.com/news-releases/laureate-education-announces-increase-to-share-repurchase-program-301444702.html

SOURCE Laureate Education, Inc.