BuybackJun 22, 2026, 09:22 AM

Playboy Repurchases 15% of Shares from Fortress for $17.4M

AI Summary

Playboy, Inc. announced an agreement to repurchase approximately 16.6 million shares, representing nearly 15% of its outstanding stock, from Fortress Investment Group for $17.4 million at $1.05 per share. The transaction is immediately accretive to earnings per share and structured with a payment schedule through year-end 2026 to preserve balance sheet flexibility. The deal is fully backstopped by Rizvi Traverse and Byborg, ensuring Fortress's orderly exit and eliminating potential market overhang.

Key Highlights

Repurchased approximately 16.6 million common shares.
Represents nearly 15% of total shares outstanding.
Total consideration of approximately $17.4 million.
Fixed repurchase price of $1.05 per share.
Paid $2.0 million at execution, with $15.4 million remaining.
Remaining payments due in installments by December 31, 2026.
Deal is fully backstopped by Rizvi Traverse and Byborg.
Company achieved 5 consecutive quarters of positive adjusted EBITDA.

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Playboy, Inc.

Price Impact