IBM's buyback binge includes $11.5B loan

Vikingod · May 30, 2007, 02:02 AM

Source: Yahoo
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IBM Corp. disclosed Tuesday that it is taking on $11.5 billion in new debt to finance the aggressive accelerations of its stock repurchase plan, which appears to be one of the largest such steps ever.

IBM had already announced that it would be ramping up its already massive stock buyback, and the technology company also had said it expected to borrow money to get it done. But a Tuesday filing with the Securities and Exchange Commission revealed the big scope of the project.

May 30, 2007, 02:02 AM	#1
Vikingod Int'l Fish Liaison Join Date: Jul 2004 Location: By the light of lamp I sit and type... Posts: 16,197 Rep Power: 112 System Specs	IBM's buyback binge includes $11.5B loan Source: Yahoo _____________ IBM Corp. disclosed Tuesday that it is taking on $11.5 billion in new debt to finance the aggressive accelerations of its stock repurchase plan, which appears to be one of the largest such steps ever. IBM had already announced that it would be ramping up its already massive stock buyback, and the technology company also had said it expected to borrow money to get it done. But a Tuesday filing with the Securities and Exchange Commission revealed the big scope of the project.