Olaplex closes $675M term loan and $150M revolver refinancing; reduces debt by $94M and interest rate by 300bps

OLAPLEX HOLDINGS, INC.

New $675M term loan and $150M revolver replace prior $769M credit facility, using cash on hand to reduce outstanding debt.
Interest margin lowered by 300bps; term loan at Adjusted SOFR + 3.75% (step-down to 3.50% at 1.20x leverage).
Revolving facility undrawn at closing; term loan matures Feb 2029, revolver Feb 2027.
Company expects significant ongoing interest expense savings from the refinancing.
Joint lead arrangers include Goldman Sachs, JPMorgan, Morgan Stanley, Barclays, BofA, Jefferies, Truist.

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