Zona de Azar Australia – Aristocrat Unveils a AU$S 475 Million Share Repurchase Program

Australia.- February 21th 2024 www.zonadeazar.com Weeks after wrapping up an AU$1.85 billion (US$1.17 billion) on-market share buy-back program, global gaming supplier Aristocrat Leisure Limited has launched a new share buy-back program of up to AU$750 million (US$475 million).

The new program is part of what the company describes as its proactive capital management strategy, which will also see Aristocrat repay its US$250 million Term Loan B debt facility by the end of March 2025 – well ahead of ahead the facility’s 24 May 2029 maturity.

In an ASX filing, Aristocrat said the decision to repurchase more shares and pay down debt follows the receipt of US$600 million in proceeds from the recent sale of social gaming brand Plarium, as well as ongoing strong business performance and cash flow.

Edited by: @MaiaDigital www.zonadeazar.com