Moody's: Sally unchanged

Moody's Investors Service said that Sally Holdings LLC's ratings are unaffected by the announcement that it has upsized the proposed senior unsecured note offering to $750 million from $450 million. However, the LGD rate on the proposed notes will be changed to LGD5, 78% from LGD5, 71%.

Proceeds from the proposed note offering will help repurchase the company's existing senior unsecured notes due 2014, senior subordinated notes due 2016, and pay fees and expenses related to the transaction.

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