Sally Beauty Holdings, Inc. (SBH): debt financing — Sally Beauty issues $600M 6.75% senior notes due 2032 to refinance 2025 notes

Sally Beauty Holdings, Inc.

Issued $600M aggregate principal of 6.75% Senior Notes due March 1, 2032 via underwritten public offering.
Net proceeds plus borrowings and cash will redeem all $679.96M of outstanding 5.625% senior notes due 2025.
Interest payable semiannually on March 1 and September 1, beginning September 1, 2024.
Callable at 103.375% from March 2027, declining to par from March 2029; make-whole provision before March 2027.
Indenture includes customary covenants limiting indebtedness, dividends, liens, and transactions with affiliates.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Sally Beauty Holdings, Inc. incurred senior notes of $600,000,000 aggregate principal amount at 6.75% maturing March 1, 2032.

Instrument: senior notes
Principal: $600,000,000 aggregate principal amount
Rate: 6.75%
Maturity: March 1, 2032
Event: incurrence

Exact text from the filing

On February 27, 2024, Sally Holdings LLC (“Holdings”) and Sally Capital Inc. (together with Holdings, the “Issuers”), both subsidiaries of Sally Beauty Holdings, Inc. (the “Company”), completed the issuance and sale of $600,000,000 aggregate principal amount of the Issuers’ 6.75% Senior Notes due 2032 (the “Notes”) in a previously announced registered public offering.

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

Sally Beauty Holdings, Inc. entered into Fifth Supplemental Indenture with Computershare Trust Company, N.A. valued at $600,000,000 aggregate principal amount (effective 2024-02-27).

Action: entry
Agreement: notes offering
Counterparty: Computershare Trust Company, N.A.
Value: $600,000,000 aggregate principal amount
Effective: 2024-02-27

Exact text from the filing

On February 27, 2024, Sally Holdings LLC (“Holdings”) and Sally Capital Inc. (together with Holdings, the “Issuers”), both subsidiaries of Sally Beauty Holdings, Inc. (the “Company”), completed the issuance and sale of $600,000,000 aggregate principal amount of the Issuers’ 6.75% Senior Notes due 2032 (the “Notes”) in a previously announced registered public offering.

View on SEC.gov

299 debt financings filed in the last 30 days. Browse all debt financings →

Sally Beauty Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-048064

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