Sally Beauty to take out term loan debt with senior notes proceeds

By Sara Rosenberg

New York, May 15 - Sally Beauty Holdings Inc. plans to repay in full its senior secured term loan due 2013 using proceeds from a $700 million senior notes offering, according to a news release.

Remaining proceeds will be used to pay down about $90 million of revolver borrowings.

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

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