Ulta Beauty borrows $800 million under revolving credit facility

By Sara Rosenberg

New York, March 23 – Ulta Beauty Inc. drew down $800 million under its revolving credit facility on March 18, according to an 8-K filed with the Securities and Exchange Commission on Monday.

The draw was made as a precautionary measure and to enhance financial flexibility.

Pricing on the revolver ranges from Libor plus 112.5 basis points to 125 bps based on average daily excess borrowing availability in each fiscal quarter.

Ulta Beauty is a Bolingbrook, Ill.-based beauty retailer.

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