{"id":470030,"date":"2021-04-01T15:11:24","date_gmt":"2021-04-01T19:11:24","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=470030"},"modified":"2021-04-01T15:11:24","modified_gmt":"2021-04-01T19:11:24","slug":"sally-beauty-holdings-inc-announces-repayment-of-5-50-senior-notes-due-2023","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sally-beauty-holdings-inc-announces-repayment-of-5-50-senior-notes-due-2023\/","title":{"rendered":"Sally Beauty Holdings, Inc. Announces Repayment of 5.50% Senior Notes Due 2023"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\" style=\"font-weight:normal\"><b>Sally Beauty Holdings, Inc. Announces Repayment of 5.50% Senior Notes Due 2023<\/b><\/p>\n<p>DENTON, Texas&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<span style=\"font-weight:normal\">Sally Beauty Holdings, Inc. (NYSE: SBH) (\u201cthe Company\u201d), the leader in professional hair color, today announced that it has fully repaid the outstanding balance of $197 million on its 5.50% senior unsecured notes due 2023, effective April 1, 2021. The repayment was funded with excess cash and reflects continued progress toward deleveraging the Company\u2019s balance sheet.<\/span><\/p>\n<p>\nAs of March 31, 2021, the Company had approximately $375 million of cash on-hand and a zero balance outstanding on its asset-based revolving line of credit. Given the Company\u2019s strong liquidity position and proven ability to navigate through the COVID-19 pandemic, the Company made the strategic decision to execute an additional round of debt reduction.\n<\/p>\n<p>\n\u201cToday\u2019s debt reduction represents another positive step in our stated commitment to deleverage our balance sheet. Including this debt repayment, the Company has now reduced its debt levels by over $850 million since September 2020,\u201d said Marlo Cormier, chief financial officer.\n<\/p>\n<p><b>About Sally Beauty Holdings, Inc.<\/b><\/p>\n<p>\nSally Beauty Holdings, Inc. (NYSE: SBH), as the leader in professional hair color, sells and distributes professional beauty supplies globally through its Sally Beauty Supply and Beauty Systems Group businesses. The Company operates more than 5,000 stores, including 143 franchised locations. Sally Beauty Supply stores offer up to 8,000 products for hair color, hair care, skin care, and nails through proprietary brands such as Ion\u00ae, Generic Value Products\u00ae, Beyond the Zone\u00ae and Silk Elements\u00ae as well as professional lines such as Wella\u00ae, Clairol\u00ae, OPI\u00ae, Conair\u00ae and Hot Shot Tools\u00ae. Beauty Systems Group stores, branded as CosmoProf\u00ae or Armstrong McCall\u00ae stores, along with its outside sales consultants, sell up to 10,500 professionally branded products including Paul Mitchell\u00ae, Wella\u00ae, Matrix\u00ae, Schwarzkopf\u00ae, Kenra\u00ae, Goldwell\u00ae, Joico\u00ae and CHI\u00ae, intended for use in salons and for resale by salons to retail consumers. For more information about Sally Beauty Holdings, Inc., please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D2902020-1%26h%3D964082891%26u%3Dhttps%253A%252F%252Fwww.sallybeautyholdings.com%252F%26a%3Dhttps%253A%252F%252Fwww.sallybeautyholdings.com%252F&amp;esheet=52405744&amp;newsitemid=20210401005839&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.sallybeautyholdings.com%2F&amp;index=1&amp;md5=e0bec60f83ff872eccedfc3c3525c3d6\">https:\/\/www.sallybeautyholdings.com\/<\/a>.\n<\/p>\n<p><b>Cautionary Notice Regarding Forward-Looking Statements<\/b><\/p>\n<p>\nStatements in this news release and the schedules hereto which are not purely historical facts or which depend upon future events may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, can be identified by the use of forward-looking terminology such as \u201cbelieves,\u201d \u201cprojects,\u201d \u201cexpects,\u201d \u201ccan,\u201d \u201cmay,\u201d \u201cestimates,\u201d \u201cshould,\u201d \u201cplans,\u201d \u201ctargets,\u201d \u201cintends,\u201d \u201ccould,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201canticipates,\u201d \u201cpotential,\u201d \u201cconfident,\u201d \u201coptimistic,\u201d or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy, objectives, estimates, guidance, expectations and future plans. Forward-looking statements can also be identified by the fact these statements do not relate strictly to historical or current matters.\n<\/p>\n<p>\nReaders are cautioned not to place undue reliance on forward-looking statements as such statements speak only as of the date they were made. Any forward-looking statements involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, including, but not limited to, the risks and uncertainties related to COVID-19 and those described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended September 30, 2020, and our most recent Quarterly Report on Form 10-Q for the quarter ended December 31, 2020, as filed with the Securities and Exchange Commission. Consequently, all forward-looking statements in this release are qualified by the factors, risks and uncertainties contained therein. We assume no obligation to publicly update or revise any forward-looking statements.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210401005839r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210401005839\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210401005839\/en\/<\/a><\/span><\/p>\n<p>\nJeff Harkins<br \/>\n<br \/>Investor Relations<br \/>\n<br \/>940-297-3877\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Texas<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Cosmetics Retail Specialty<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210401005839\/en\/464674\/3\/Sally_Beauty_Holdingscolor.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Sally Beauty Holdings, Inc. Announces Repayment of 5.50% Senior Notes Due 2023 DENTON, Texas&#8211;(BUSINESS WIRE)&#8211;Sally Beauty Holdings, Inc. (NYSE: SBH) (\u201cthe Company\u201d), the leader in professional hair color, today announced that it has fully repaid the outstanding balance of $197 million on its 5.50% senior unsecured notes due 2023, effective April 1, 2021. The repayment was funded with excess cash and reflects continued progress toward deleveraging the Company\u2019s balance sheet. As of March 31, 2021, the Company had approximately $375 million of cash on-hand and a zero balance outstanding on its asset-based revolving line of credit. Given the Company\u2019s strong liquidity position and proven ability to navigate through the COVID-19 pandemic, the Company made the strategic decision to execute an &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sally-beauty-holdings-inc-announces-repayment-of-5-50-senior-notes-due-2023\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Sally Beauty Holdings, Inc. Announces Repayment of 5.50% Senior Notes Due 2023&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-470030","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sally Beauty Holdings, Inc. 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(NYSE: SBH) (\u201cthe Company\u201d), the leader in professional hair color, today announced that it has fully repaid the outstanding balance of $197 million on its 5.50% senior unsecured notes due 2023, effective April 1, 2021. The repayment was funded with excess cash and reflects continued progress toward deleveraging the Company\u2019s balance sheet. As of March 31, 2021, the Company had approximately $375 million of cash on-hand and a zero balance outstanding on its asset-based revolving line of credit. Given the Company\u2019s strong liquidity position and proven ability to navigate through the COVID-19 pandemic, the Company made the strategic decision to execute an &hellip; Continue reading &quot;Sally Beauty Holdings, Inc. 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