United Therapeutics Announces $1B Accelerated Share Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
United Therapeutics Corporation (UTHR) has announced a new accelerated share repurchase program, authorizing the repurchase of up to $1 billion of its common stock. This initiative complements the company's ongoing financial strategy, which includes a planned $400 million paydown of its revolving credit facility in 2024, with $100 million already paid down in the first quarter.
March 25, 2024 | 11:02 am
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United Therapeutics announces a $1 billion accelerated share repurchase program, alongside a strategic $400 million paydown of its revolving credit facility in 2024.
The announcement of a $1 billion accelerated share repurchase program by United Therapeutics is likely to be viewed positively by investors, as it reflects the company's confidence in its financial health and future prospects. Such programs often lead to a reduction in the number of shares outstanding, potentially increasing earnings per share and the stock price in the short term. Additionally, the planned paydown of the revolving credit facility further signals strong financial management and may reduce interest expenses, contributing positively to the company's bottom line.
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