Alliance Data Systems Raises Buyback Program

Alliance Data Systems, a provider of data-driven marketing and loyalty solutions, said early Thursday its board has approved a $500 million increase in the company’s stock repurchase program for 2017, resulting in an aggregate authorization of up to $1 billion.

The board also extended the term for repurchases that was previously set to expire Dec. 31 to July 31, 2018, according to a statement. Repurchases will be financed primarily through free cash flow. The company expects to maintain moderate levels of debt over the course of the repurchase program, providing flexibility to pursue tuck-in acquisitions or portfolio purchases, the statement noted.

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