Sally Beauty Holdings announces $600M senior notes offering to refinance 5.625% 2025 notes

Sally Beauty Holdings, Inc.

Issuers commenced $600M offering of senior notes due 2032; expected close Feb 27, 2024.
Net proceeds plus credit facility and cash to redeem all outstanding 5.625% Senior Notes due 2025.
Redemption of 2025 notes conditional on debt financings of at least $585M net; redemption date March 13, 2024.
New senior notes guaranteed by Sally Beauty Holdings and certain domestic subsidiaries.

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