Alliance Data Systems Corporation (NYSE:ADS) announces a share repurchase program. Under the program, the company will repurchase up to $500 million of its common stock. Repurchases will be made from time to time in open market as well as in privately negotiated transactions. The repurchased shares will be held in treasury. Repurchases will be financed through free cash flow. The repurchase program reflects the company’s confidence in its business model, financial performance and prospects in 2017 and beyond. The repurchase program is structured to comply with the SEC’s Rule 10b-18, and the program is subject to market conditions, applicable legal requirements, contractual obligations, and other factors. The repurchase program does not obligate the company to acquire any specific number of shares and may be suspended or terminated at any time. The share repurchase program is valid through December 31, 2017.