NasdaqGS:DBXSoftware
The Bull Case For Dropbox (DBX) Could Change Following $1.5 Billion Buyback and Credit Facility Expansion
Earlier this week, Dropbox announced a new share repurchase program to buy back up to US$1.5 billion of its class A common stock and amended its credit agreement to provide additional secured delayed draw term loans of up to US$700 million, supporting increased borrowing capacity and extending repayment terms through 2030.
This combination of a large buyback authorization and enhanced financial flexibility suggests the company is positioning to return capital to shareholders while...