Outerwall eyes credit facility draw for $350 million share repurchase

By Toni Weeks

San Luis Obispo, Calif., Feb. 7 - Outerwall Inc. said it will use available domestic cash and borrowings under its existing senior secured credit facility to finance the company's offer to repurchase $350 million of its common stock, according to a press release and an SC TO-I filing with the Securities and Exchange Commission.

Based in Bellevue, Wash., Outerwall makes retail kiosks.

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