Dropbox Completes New Senior Secured Revolving Credit Facility; Announces $900M Stock Repurchase Program
Dropbox announced a new $900 million share repurchase program for its Class A common stock, signaling strong confidence in its cash flow generation and capital allocation strategy. The company simultaneously closed a new senior secured revolving credit facility with up to $400 million in borrowing capacity, arranged by JPMorgan Chase, Citizens Bank, Goldman Sachs, and RBC.
Key figures
- Registered users
- 700 million
- Buyback authorization
- 900000000
- Credit facility capacity
- 400000000
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