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Sally Beauty to redeem all $679.96 million 5 5/8% senior notes due 2025
By Rebecca Melvin
Concord, N.H., Nov. 12 – Sally Beauty Holdings, Inc. announced that its wholly owned subsidiaries, Sally Holdings LLC and Sally Capital Inc., issued a conditional notice of redemption for all $679,961,000 of their 5 5/8% senior notes due 2025, according to an 8-K filing with the Securities and Exchange Commission.
The notes will be redeemed at 101.875 plus accrued interest on Dec. 13, subject to the satisfaction or waiver of some conditions.
The redemption is contingent on completion of one or more debt refinancing transactions in an amount sufficient to make the redemption payment in full.
Sally Beauty is a Denton, Texas-based specialty retailer and distributor of professional beauty supplies.
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