BuybackNov 2, 2026, 08:11 AM
PROG Holdings Announces $100 Million Accelerated Share Repurchase Program
AI Summary
PROG Holdings, Inc. has announced an accelerated share repurchase (ASR) program valued at $100 million. The program, executed with Bank of America, involves the repurchase of the company's common stock. An initial delivery of approximately 2.59 million shares was received, with final settlement anticipated by the end of Q1 2027. This ASR program operates under the company's existing, reauthorized share repurchase program and is funded through existing cash and credit facilities.
Key Highlights
- PROG Holdings entered into an accelerated share repurchase program (ASR) with Bank of America.
- The company will repurchase an aggregate of $100 million of its outstanding common stock.
- An initial delivery of approximately 2.59 million shares was received on October 29, 2026.
- Final settlement of the ASR program is expected by the end of the first quarter of 2027.
- The ASR program is funded by existing cash and borrowings under the company's credit agreement.
Price Impact
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