Aristocrat Leisure to Conduct AU$750 Million Share Buyback, Shares Fall Almost 4%

MT Newswires Live
02-20

Aristocrat Leisure (ASX:ALL) will conduct an on-market share buyback program of up to AU$750 million on or after March 7, according to a Thursday Australian bourse filing.

The program will be funded from cash reserves.

The firm completed a previous AU$1.85 billion on-market share buyback program in January.

In the same filing, Aristocrat said it plans to use a portion of the $600 million in proceeds it received from the sale of Plarium Global to repay its $250 million term loan B debt facility by the end of March, ahead of its May 24, 2029 maturity.

The firm's shares fell past 4% in recent trading on Thursday.

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