Laureate education announces new $100 million share repurchase program

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 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 february 2024. after giving effect to this new authorization, the company will have returned nearly $3 billion of capital to shareholders since the beginning of 2019 through a combination of share repurchases, cash distributions and cash dividends.
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