debt
confidence high
sentiment negative
materiality 0.55
Sally Beauty rescinds $679.96M note redemption after withdrawing debt offering due to market conditions
Sally Beauty Holdings, Inc.
- Issuers had conditionally called $679.96M of 5.625% Senior Notes due 2025 for redemption on Dec 13, 2021, contingent on refinancing.
- Company announced a registered public offering of senior notes due 2030 on Dec 8, 2021, to finance the redemption.
- Offering was withdrawn on Dec 9, 2021 due to market conditions, causing conditions for redemption to fail.
- Conditional redemption notice rescinded; the $679.96M of 5.625% Notes due 2025 remain outstanding.
- No new refinancing or redemption plan announced; company's debt profile unchanged for now.