PROG Holdings completes $425M tender offer at $49/share, repurchases ~13.2% of shares

PROG Holdings, Inc.

Final purchase price $49.00 per share; aggregate cost approx. $425M excluding fees.
8,673,469 shares accepted on a pro rata basis; proration factor 77.8%.
Shares repurchased represent 13.2% of outstanding common stock as of Dec 1, 2021.
Tender offer expired Dec 3, 2021; payment to tendering shareholders on Dec 9, 2021.
J.P. Morgan served as dealer manager; Georgeson LLC acted as information agent.

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