Laureate Education board approves $150M increase to stock repurchase plan

Laureate announced that its board of directors approved a $150 million increase to its existing stock repurchase program, from $100 million to $250 million, to acquire shares of the Company’s common stock. After giving effect to this new authorization and taking into account the $73 million of cumulative repurchases to date, the Company may repurchase up to approximately $177 million of its common stock under its stock repurchase program, which has no fixed expiration date. 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.