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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