Laureate Education, Inc. (NASDAQ: LAUR) 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.
About Laureate Education, Inc.
Laureate Education, Inc. operates five universities across Mexico and Peru, enrolling more than 350,000 students in high-quality undergraduate, graduate, and specialized degree programs through campus-based and online learning. Our universities have a deep commitment to academic quality and innovation, strive for market-leading employability outcomes, and work to make higher education more accessible. At Laureate, we know that when our students succeed, countries prosper, and societies benefit. Learn more at laureate.net.
