Beauty Health issues $250M 7.95% convertible notes due 2028; conversion price ~$2.86

SkinHealth Systems Inc.

$250M principal amount of 7.95% Convertible Senior Secured Notes due Nov 15, 2028 issued on May 27, 2025.
Initial conversion rate: 349.6503 shares per $1,000 principal (conversion price ~$2.86 per share).
Notes are senior secured obligations guaranteed by material domestic wholly-owned subsidiaries.
Notes redeemable at Company's option on/after Sept 1, 2028 subject to liquidity conditions; holders may require repurchase upon fundamental change.
Indenture includes restrictive covenants limiting indebtedness, liens, investments, and restricted payments.

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