Market Overview

Sally Beauty Announces Senior Notes Offering; $700M


Sally Beauty Holdings, Inc. (NYSE: SBH), today announced that it intends to sell, in a registered public offering, $700 million aggregate principal amount of Senior Notes due 2022 (the “Senior Notes”). The Senior Notes will be guaranteed by Sally Beauty Holdings, Inc., Sally Investment Holdings LLC and certain of the Company's domestic subsidiaries who have guaranteed obligations under its senior credit facilities and its existing notes due 2019.

The Company intends to use the net proceeds from this offering to pay in full the aggregate outstanding principal amount owing under the Company's senior secured term loan facility due 2013 plus any accrued and unpaid interest thereon, approximately $90.0 million outstanding principal amount under the Company's senior revolving credit facility and the fees and expenses incurred in connection with this offering.

Posted-In: News Financing Offerings


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