Laureate Education, Inc. announces an Equity Buyback for $300 million worth of its shares.
November 05, 2020 at 12:18 pm EST
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Laureate Education, Inc. (NasdaqGS:LAUR) announces a share repurchase program. Under the program, the company will repurchase up to $300 million worth of its outstanding shares of Class A common stock. The company intends to finance the repurchases with free cash flow and excess cash and liquidity on-hand. The program is valid till the end of 2021, dependent on market conditions.
Laureate Education, Inc. operates a portfolio of degree-granting higher education institutions (Laureate International Universities network) in Mexico and Peru. Laureate International Universities network offers a range of undergraduate and graduate degrees through campus-based, online and hybrid programs. It has approximately 450,000 students enrolled at five institutions with over 50 campuses. It has two segments: Mexico and Peru. It owns Universidad del Valle de Mexico (UVM) and Universidad Tecnologica de Mexico (UNITEC) in Mexico. It also owns Universidad Peruana de Ciencias Aplicadas (UPC), Universidad Privada del Norte (UPN) and CIBERTEC institution in Peru. Its institutions in Mexico and Peru offer traditional higher education students a private education alternative, with multiple brands and price points in each market and program. The Company offers various programs, including medicine and health sciences, engineering and information technology, and business and management.
LAUREATE EDUCATION, INC. 
