Benzinga | Jul 22, 2021 08:39AM EDT

Domino's Pizza Earlier Says Co Entered Into Repurchase Agreement For $1B

In connection with the Company's recapitalization transaction, as further discussed below, the Company borrowed $1.85 billion, and used a portion of the proceeds to repay its remaining debt under its 2017 five-year fixed rate and 2017 five-year floating rate notes. The Company also entered into a $1.0 billion accelerated share repurchase agreement (the "ASR Agreement") with a counterparty, which was completed subsequent to the end of the second quarter. In connection with the ASR Agreement, the Company received and retired a total of 2,250,786 shares of its common stock at an average price of $444.29, including 2,012,596 shares of its common stock received and retired during the second quarter.