Sally Beauty repays $213 million balance on 4.5% fixed-rate term loan

By Taylor Fox

New York, Jan. 5 – Sally Beauty Holdings, Inc. fully repaid the outstanding $213 million balance on its 4.5% fixed-rate term loan, according to a news release.

The repayment was funded with excess cash and reflects continued progress toward deleveraging the company’s balance sheet.

The company previously reduced its debt levels by $445 million in September.

As of Dec. 31, the company had more than $515 million of cash on hand and a zero balance outstanding on its asset-based revolving line of credit.

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

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