HSN, Inc. (HSNI) Declares $10.00 Special Dividend; 13.3% Yield
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HSN, Inc. Completes New $1.25 Billion Credit Facility; Declares $10.00 Per Share (Approximately $525 Million) Special Cash Dividend and Announces 4 Million Share Repurchase Program
January 28, 2015 8:01 AM ESTST. PETERSBURG, Fla., Jan. 28, 2015 (GLOBE NEWSWIRE) -- Interactive multichannel retailer HSN, Inc. (Nasdaq: HSNI) announced today that it has entered into a new $1.25 billion five-year credit facility, replacing its existing $600 million credit facility. Additionally, in continuation of the company's capital return plan, the board of directors declared a special cash dividend of $10.00 per share, representing approximately $525 million in the aggregate, payable February 19, 2015 to shareholders of record as of February 9, 2015. The board also authorized a share repurchase program covering 4 million shares, principally to offset dilution related to the company's equity compensation programs.
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