Business
Root Lowers Cost of Capital Through Refinancing and Announces $75 Million Share Repurchase Program
COLUMBUS, Ohio, May 06, 2026 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the leading technology company in car insurance, today announced it has successfully refinanced its existing debt into a new term loan facility led by The Huntington National Bank. In addition, Root’s board of directors has authorized the company to repurchase up to $75 million of its Class A common stock. Together, these actions further optimize the company’s capital structure and reflect its strong financial position,
About this update from Root, Inc.
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