Monster Beverage Corporation (NasdaqGS:MNST) announces a share repurchase program. Under the program, the company will repurchase up to $3,000 million worth of its common stock. The shares will be repurchased at a price of not less than $53 nor greater than $60 per share.

The company intends to fund the purchase of shares pursuant to the Offer with a combination of $2,000 million of cash on hand, $750 million in borrowings under the Term Loan, and $250 million in borrowings under the RCF. The company believes that the modified Dutch Auction tender offer set forth in this Offer to Purchase represents an efficient mechanism to permit shareholders the opportunity to tender all or a portion of their shares and obtain liquidity without the potential disruption to the share price that can result from market sales. The offer will expire on June 5, 2024, unless we extend or terminate the Offer..

As of April 22, 2024, there were 1,041,725,628 shares of the company?s common stock issued and outstanding.