Alliance Data Systems (ADS) Announces $1.1 Billion Stock Repurchase Program

Alliance Data Systems Corporation (NYSE: ADS), a leading global provider of data-driven marketing and loyalty solutions, today announced that its board of directors has approved a new $1.1 billion share repurchase program beginning July 5, 2019 to replace the current program that was fully utilized earlier this year.

Repurchases will be financed primarily through free cash flow, including proceeds from the recently completed sale of Epsilon®. The Company expects to maintain moderate levels of debt over the course of the repurchase program, providing flexibility to pursue portfolio purchases.

"This repurchase agreement demonstrates the Board's confidence in our business model, our financial performance, and our commitment to delivering value to our stakeholders," said Tim King, chief financial officer of Alliance Data. "We will opportunistically repurchase our stock, while maintaining ample liquidity to have the flexibility to support our growth, as well as the continuation of a quarterly dividend."

Under the new repurchase program, the Company is authorized to repurchase shares in open market purchases as well as in privately negotiated transactions from time to time through June 30, 2020. Stock purchased as part of this program will be held as treasury stock. The repurchase program's terms will comply with SEC Rule 10b-18, and the program is subject to market conditions, applicable legal requirements, contractual obligations, and other factors. The repurchase program does not obligate the Company to acquire any specific number of shares and may be suspended or terminated at any time.

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