Lululemon Amends Credit Agreement, Will Buy Back Stock
The amendment increases the unsecured five-year revolving credit facility to $400.0 million, giving the company headroom for the repurchase of 3.3 million shares from funds run by Advent International Corporation. At today’s close the transaction would cost about $405 million, and will also be partially funded with LULU’s expanding cash hoard. The new ... Log in to view full article.
