Sally Beauty repays $197 million remaining 5½% notes due 2023

By Wendy Van Sickle

Columbus, Ohio, April 1 – Sally Beauty Holdings, Inc. repaid the outstanding balance of $197 million on its 5½% senior notes due 2023 on Thursday, according to a news release.

The company said that as of Wednesday it had about $375 million of cash on hand and a zero balance on its asset-based revolving line of credit. Given its strong liquidity position, it made the decision to execute a round of debt reduction.

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

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