Sally Beauty draws $395 million under revolving credit line

By Wendy Van Sickle

Columbus, Ohio, March 24 – Sally Beauty Holdings Inc. borrowed $395 million under its $500 million secured asset-based revolving line of credit on Monday, according to a news release.

The line of credit expires in July of 2022. The drawdown was made in support of the company’s operations “out of an abundance of caution” in light of the Covid-19 outbreak, the company said.

Sally Beauty is a Denton, Texas-based specialty retailer and distributor of professional beauty supplies.

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