debt
confidence high
sentiment neutral
materiality 0.50
Sally Beauty issues conditional redemption notice for $679.96M of 5.625% Senior Notes due 2025
Sally Beauty Holdings, Inc.
- Conditional notice to redeem entire $679.961M of 5.625% Senior Notes due 2025 on Dec 13, 2021.
- Redemption price is 101.875% of principal plus accrued interest; contingent on debt refinancing.
- If refinancing condition not satisfied, redemption may be delayed or rescinded at issuers' discretion.
- Issuers Sally Holdings LLC and Sally Capital Inc. plan refinancing on terms satisfactory to them.