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Buffalo Wilds Wings boosts buyback allowance

Aug. 16, 2016 12:55 PM ETBuffalo Wild Wings, Inc. (BWLD) StockBy: Clark Schultz, SA News Editor
  • Buffalo Wild Wings (BWLD -2.1%) announces that it increased its share repurchase program by an additional $300M.
  • The repurchase authorization replaces the previously approved $200M share repurchase program, of which approximately $75M dollars remains.  The company's total buyback firepower is now $375M.
  • Buffalo Wild Wings also announced that it is targeting a debt to EBITDA leverage ratio of up to 1.5X and that it intends to increase its line of credit facility to $500M by Q4.
  • Source: Press Release

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