United Therapeutics (UTHR) Announces $1 Billion Accelerated Share Repurchase Program

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Go back to United Therapeutics (UTHR) Announces $1 Billion Accelerated Share Repurchase Program

United Therapeutics Corporation Announces $1 Billion Accelerated Share Repurchase Program

March 25, 2024 7:00 AM EDT

Repurchase reflects the strength of United Therapeutics balance sheet and confidence in its near-term prospects

SILVER SPRING, Md. & RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)-- United Therapeutics Corporation (Nasdaq: UTHR), a public benefit corporation, today announced that its Board of Directors has authorized the company to purchase up to $1 billion of United Therapeutics common stock. This program builds on United Therapeutics planned $400 million paydown of its revolving credit facility in 2024, of which $100 million was paid down during the first quarter of 2024.

To enact the program, United Therapeutics today will enter into an Accelerated Share... More