- American Eagle Outfitters Inc (NYSE:AEO) has entered into an accelerated share repurchase agreement (ASR) with JPMorgan Chase Bank, National Association to repurchase $200 million of the company’s shares.
- The repurchase equates to about 16.7 million shares based on the closing price on June 2, 2022, representing about 8% of the company’s outstanding shares.
- The ASR has been entered related to the existing share repurchase authorization of 30 million shares.
- American Eagle is also pursuing an upsize and extension of its ABL facility to $600 million with a term of five years to tap additional liquidity.
- In addition, AEO has entered into exchange agreements with holders of its 3.75% Convertible Senior Notes due 2025 in exchange for a combination of cash and shares of the company’s common stock.
- Price Action: AEO shares are trading higher by 1.42% at $12.15 in premarket on the last check Friday.
Couchbase Q4 EPS $(0.30) Misses $(0.25) Estimate, Sales $35.06M Beat $34.00M Estimate
Couchbase (NASDAQ:BASE) reported quarterly losses of $(0.30) per share which missed the analyst consensus estimate of $(0.25) by 20 percent. The company reported quarterly sales of $35.06 million which beat the analyst
