---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-054632"
form_type: "8-K"
ticker: "SBH"
cik: "0001368458"
company_name: "Sally Beauty Holdings, Inc."
filed_at: "2023-03-01T23:59:59+00:00"
generated_at: "2026-06-18T17:23:11.451583+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Sally Beauty enters $400M term loan B facility to refinance existing TLB

## Summary
- New $400M TLB bears interest at SOFR+2.50% or base rate+1.50%, matures Feb 28, 2030 or 91 days before 2025 notes maturity.
- Quarterly amortization of 0.25% of original principal; final installment of remaining balance on maturity.
- Secured by first-priority lien on substantially all assets (excluding ABL collateral) and second-priority on ABL collateral.
- No financial maintenance covenants; prepayment premium of 1% within six months of closing.
- Proceeds used to repay an existing term loan B facility.

## SEC filing metadata
- accession: 0001193125-23-054632
- form_type: 8-K
- ticker: SBH
- cik: 0001368458
- company_name: Sally Beauty Holdings, Inc.
- filed_at: 2023-03-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1368458/000119312523054632/0001193125-23-054632-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1368458/000119312523054632/d454646d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-054632
- JSON: https://secwatch.observer/filing/0001193125-23-054632.json
- Plain text: https://secwatch.observer/filing/0001193125-23-054632.txt

## Key facts
- Debt Financings
  Sally Beauty Holdings, Inc. incurred term loan of $400.0 million with Bank of America, N.A., as Administrative Agent and Collateral Agent at Adjusted Term SOFR Rate from time to time in effect plus 2.50% maturing February 28, 2030.
  - Instrument: term loan
  - Principal: $400.0 million
  - Counterparty: Bank of America, N.A., as Administrative Agent and Collateral Agent
  - Rate: Adjusted Term SOFR Rate from time to time in effect plus 2.50%
  - Maturity: February 28, 2030
  - Event: incurrence
  source text: On February 28, 2023, Sally Beauty Holdings, Inc. (the “Company”) announced that its wholly-owned subsidiaries, Sally Holdings LLC (“Sally Holdings”) and Sally Capital, Inc. (“Sally Capital” and, together with Sally Holdings, the “Borrowers”), and certain of the Company’s other direct and indirect subsidiaries entered into a credit agreement with Bank of America, N.A., as Administrative Agent and Collateral Agent, and the lenders and other parties thereto providing for a term loan B facility (the “TLB”) in an aggregate principal amount equal to $400.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1368458/000119312523054632/0001193125-23-054632-index.htm
- Material Agreements
  Sally Beauty Holdings, Inc. entered into Credit Agreement with Bank of America, N.A., as Administrative Agent and Collateral Agent, and the lenders and other parties thereto valued at $400.0 million (effective 2023-02-28).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as Administrative Agent and Collateral Agent, and the lenders and other parties thereto
  - Value: $400.0 million
  - Effective: 2023-02-28
  source text: On February 28, 2023, Sally Beauty Holdings, Inc. (the “Company”) announced that its wholly-owned subsidiaries, Sally Holdings LLC (“Sally Holdings”) and Sally Capital, Inc. (“Sally Capital” and, together with Sally Holdings, the “Borrowers”), and certain of the Company’s other direct and indirect subsidiaries entered into a credit agreement with Bank of America, N.A., as Administrative Agent and Collateral Agent, and the lenders and other parties thereto providing for a term loan B facility (the “TLB”) in an aggregate principal amount equal to $400.0 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1368458/000119312523054632/0001193125-23-054632-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.