Sally Holdings LLC and Sally Capital Inc., both subsidiaries of Sally Beauty Holdings, Inc., have announced the launch of an offering to sell $300 million aggregate principal amount of senior secured second lien notes due 2025 (The Notes) in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended subject to market and other conditions.
- The Notes will be guaranteed on a secured basis by the company, Sally Investment Holdings LLC and the company’s domestic subsidiaries who have guaranteed obligations under its senior secured credit facilities and its existing notes. Sally Beauty Holdings intends to use the net proceeds of this offering for working capital and general corporate purposes.
- The notes and the related guarantees will be offered and sold only to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities Act and outside the United States, to non-U.S. persons in reliance on the exemption from registration set forth in Regulation S under the Securities Act.
- The notes and the related guarantees have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements.