Sally Beauty issues $600M 6.75% notes due 2032 to refinance 2025 notes

Sally Beauty Holdings, Inc.

Issued $600M aggregate principal of 6.75% Senior Notes due 2032 via underwriting agreement.
Net proceeds, with credit facility borrowings and cash, to redeem all outstanding 5.625% 2025 notes.
Offering expected to close February 27, 2024; redemption of 2025 notes expected March 13, 2024.
BofA Securities acted as representative of the underwriters in the offering.
Notes issued under existing shelf registration statement (333-255937).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sally Beauty Holdings, Inc. entered into Underwriting Agreement with BofA Securities, Inc., as representative of the underwriters listed therein valued at $600,000,000 aggregate principal amount (effective 2024-02-12).

Action: entry
Agreement: underwriting
Counterparty: BofA Securities, Inc., as representative of the underwriters listed therein
Value: $600,000,000 aggregate principal amount
Effective: 2024-02-12

Exact text from the filing

On February 12, 2024, Sally Holdings LLC (“Holdings”) and Sally Capital Inc. (together with Holdings, the “Issuers”), both subsidiaries of Sally Beauty Holdings, Inc. (the “Company”), the Company and certain domestic subsidiaries of the Company entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., as representative of the underwriters listed therein (collectively, the “Underwriters”), related to the Issuers’ public offering of $600,000,000 aggregate principal amount of the Issuers’ 6.75% Senior Notes due 2032 (the “Senior Notes”).

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Sally Beauty Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-033924

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