WASHINGTON (dpa-AFX) - Tax preparer H&R Block, Inc. (HRB) said Monday that its subsidiary, Block Financial LLC, has entered into a new five-year, $2.0 billion credit and guarantee agreement.
The execution of the agreement satisfies a condition of the company's previously announced tender offer to purchase up to $1.5 billion of its common stock.
The tender offer, which remains subject to the other conditions, will expire on October 2, unless extended.
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