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Prospect News home > News index > List of issuers S > Headlines for Sally Beauty Holdings, Inc. > News item
Published on 5/31/2022 in the Prospect News Bank Loan Daily.

Sally Beauty draws $150 million under ABL credit facility

By Wendy Van Sickle

Columbus, Ohio, May 31 – Sally Beauty Holdings, Inc. drew down about $150 million under its ABL credit facility to fund a portion of the redemption of all $300 million outstanding 8¾% senior secured second-lien notes due 2025 issued by wholly owned subsidiaries, Sally Holdings LLC and Sally Capital Inc.

Excess cash was also used to fund the redemption, which was completed on May 31.

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


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