Sally Beauty Holdings (SBH) has released an update.
Sally Holdings LLC and Sally Capital Inc., subsidiaries of Sally Beauty Holdings, Inc., have entered into an agreement with BofA Securities for the public offering of $600 million in Senior Notes at 6.75% due in 2032. Set to close around February 27, 2024, this move is aimed at redeeming their existing 5.625% Senior Notes due in 2025, utilizing the proceeds along with other available finances. The redemption is planned for March 13, 2024, following the successful completion of the Senior Notes offering.
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