Sally Beauty issues conditional full redemption notice for 5 5/8% notes

Chicago, Feb. 12 – Sally Holdings LLC and Sally Capital Inc. issued a notice of conditional full redemption for the issuers’ 5 5/8% senior notes due 2025, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed on March 13 at par plus accrued interest to the redemption date, or what is expected to be approximately $15.9375 in interest per $1,000 principal amount.

The redemption is conditional on the successful consummation of one or more debt financings of not less than $585 million.

The company is pricing new notes, with the new deal expected to close on or about Feb. 27.

Based in Denton, Tex., Sally Beauty Holdings, Inc. is an international specialty retailer and distributor of professional beauty supplies.

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