Yum! Brands (YUM) Discloses New $1B Buyback Plan

Yum! Brands (NYSE: YUM) disclosed that on December 8, 2015, the Company’s board of directors approved a new authorization to repurchase $1 billion of the Company's common shares.

Also on On December 8, 2015, Yum! Brands, Inc. executed a credit agreement providing for an unsecured term loan facility in an amount up to $1.50 billion. Goldman Sachs Bank USA, J.P. Morgan Securities LLC and Citigroup Global Markets Inc. arranged the Short-Term Credit Facility and Goldman Sachs Bank USA will serve as Administrative Agent for the Short-Term Credit Facility.

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