SkinHealth Systems Inc. (SKIN): debt financing — 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.

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

SkinHealth Systems Inc. incurred senior notes of $250,000,000 principal amount with U.S. Bank Trust Company, National Association at 7.95% per annum maturing November 15, 2028.

Instrument: senior notes
Principal: $250,000,000 principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 7.95% per annum
Maturity: November 15, 2028
Event: incurrence

Exact text from the filing

issued $250,000,000 principal amount of its 7.95% Convertible Senior Secured Notes due 2028

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SkinHealth Systems Inc. filing history →

Source: SEC EDGAR

accession 0001683168-25-004033

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