Sally Beauty Holdings, Inc. Announces Repayment of Fixed Rate Portion of Term Loan


DENTON, Texas – () –Sally Beauty Holdings, Inc. (NYSE: SBH) (“the Company”), the leader in professional hair coloring, today announced that it has fully repaid the outstanding $ 213 million balance of its fixed rate term loan 4.5%. The repayment was funded by excess cash and reflects the continued progress towards deleveraging the Company’s balance sheet.

As of December 31, 2020, the Company had over $ 515 million in cash and a zero balance on its revolving asset-based line of credit. Given the Company’s strong liquidity position and its proven ability to weather the COVID-19 pandemic, the Company has made the strategic decision to execute an additional round of debt reduction. The Company previously reduced its debt levels by $ 445 million in September 2020.

“Our business has remained resilient throughout the COVID-19 pandemic. Today’s debt reduction represents another positive step in our stated commitment to deleveraging our balance sheet as the headwinds of the pandemic begin to ease and the need for excess liquidity diminishes, ”said Marlo Cormier , financial director.

About Sally Beauty Holdings, Inc.

Sally Beauty Holdings, Inc. (NYSE: SBH), as a leader in professional hair coloring, sells and distributes professional beauty products worldwide through its Sally Beauty Supply and Beauty Systems Group businesses. The Company operates more than 5,000 stores, including 143 franchise stores. Sally Beauty Supply stores carry up to 8,000 products for hair coloring, hair care, skin care and nails through exclusive brands such as Ion®, Generic Value Products®, Beyond the Zone® and Silk Elements® as well as professional lines such as Wella®, Clairol®, OPI®, Conair® and Hot Shot Tools®. The Beauty Systems group stores, under the CosmoProf® or Armstrong McCall® brands, as well as its external sales consultants, sell up to 10,500 professional brand products, including Paul Mitchell®, Wella®, Matrix®, Schwarzkopf®, Kenra®, Goldwell®, Joico® and CHI®, intended for use in salons and for resale by salons to retail consumers. For more information on Sally Beauty Holdings, Inc., please visit

Caution Regarding Forward-Looking Statements

Statements in this press release and the appendices that are not purely historical facts or that depend on future events may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and the 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 terms such as “believes”, “plans”, “expects”, “may” , “” May “,” considers “,” should “,” foresees “,” aims “,” intends “,” could “,” will “,” would “,” anticipates “,” potential “, “Confident,” “optimistic,” or its negative, or other variations thereof, or comparable terminology, or through discussions of strategy, goals, estimates, directions, expectations and future plans . Forward-looking statements may also be identified by the fact that such statements do not relate strictly to historical or current matters.

Readers are cautioned not to place undue reliance on forward-looking statements, as such statements speak only as of the date on which they were made. Any forward-looking statement involves 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, risks and uncertainties relating 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 fiscal year ended September 30, 2020, and our most recent quarterly report on Form 10- Q for the quarter ended June 30, 2020, as filed with the Securities and Exchange Commission. Accordingly, all forward-looking statements contained in this press release are qualified by the factors, risks and uncertainties contained therein. We assume no obligation to publicly update or revise any forward-looking statements.

Leave A Reply

Your email address will not be published.