Key Developments: Sally Beauty Holdings Inc (SBH)

SBH on New York Consolidated

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24 Apr 2014
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Latest Key Developments (Source: Significant Developments)

Sally Beauty Holdings Inc Comments On FY 2014 Same Store Sales Guidance
Thursday, 14 Nov 2013 07:30am EST 

Sally Beauty Holdings Inc announced that fiscal 2014 consolidated same store sales growth is expected to be in the range of 1% to 3%.  Full Article

Sally Beauty Holdings Inc Announces $700 Million Share Repurchase Program
Tuesday, 5 Mar 2013 04:30pm EST 

Sally Beauty Holdings Inc announced that its Board of Directors has approved a new share repurchase program authorizing the Company to repurchase up to $700 million of its common stock. The announcement is the first repurchase authorized by the Company in 2013, but the third in the last twelve months. In August 2012, the Company announced the approval of a share repurchase program to repurchase up to $300 million of its common stock and, in May 2012, the Company repurchased approximately $200 million of its common stock. The Company has repurchased $266.4 million of its common stock under its $300 million repurchase program announced in August 2012. The remaining $33.6 million authorized under that program is included in the $700 million repurchase program announced on March 5, 2013. The Company expects to fund the share repurchase through a combination of cash on hand, future cash flow from operations and borrowings. Repurchases will be made in compliance with all Securities and Exchange Commission rules, including Rule 10b-18, and other legal requirements and may be made in part under a Rule 10b5-1 plan, which permits stock repurchases when the Company might otherwise be precluded from doing so.  Full Article

Sally Beauty Holdings Inc Comments On H1, FY 2013 Same Store Sales Guidance
Thursday, 15 Nov 2012 07:00am EST 

Sally Beauty Holdings Inc announced that for fiscal 2013, it expects consolidated same store sales growth to be in the range of 4% to 5%. Same store sales growth for the first half of fiscal year 2013 is expected to trend towards the low end of this range.  Full Article

Sally Beauty Holdings Inc Announces New Chairman
Monday, 27 Aug 2012 04:30pm EDT 

Sally Beauty Holdings Inc announced the retirement of three members of the board of directors of Sally Beauty Holdings, Inc., James G. Berges, Kenneth A. Giuriceo and Richard J. Schnall. Messrs. Berges, Giuriceo and Schnall are affiliated with Clayton, Dubilier & Rice, LLC, (CD&R), the Company’s former private equity partner, and have retired as members of the Board in connection with the exit of CD&R’s investment in Sally Beauty Holdings. The Board elected Gary G. Winterhalter to replace Mr. Berges as the Chairman of the Board. Mr. Winterhalter will continue to serve as the Company’s President and CEO.  Full Article

Sally Beauty Holdings Inc Announces $300 Million Stock Repurchase Program
Monday, 27 Aug 2012 04:05pm EDT 

Sally Beauty Holdings Inc announced that its Board of Directors has approved a new stock repurchase program authorizing the Company to repurchase up to $300 million of its common stock over an 18-month period beginning October 1, 2012. The announcement is the second repurchase authorized by the Company in 2012. In May 2012, the Company repurchased approximately $200 million, or 7,551,444 shares of its common stock.  Full Article

Sally Beauty Holdings Inc Announces Commencement of Secondary Common Stock Offering
Tuesday, 17 Jul 2012 04:46pm EDT 

Sally Beauty Holdings Inc announced the underwritten public offering of 23,111,527 shares of its common stock held by investment funds associated with Clayton, Dubilier & Rice, LLC (the CDR Investors) pursuant to the Company`s shelf registration statement filed with the Securities and Exchange Commission. It is expected that the CDR Investors will no longer hold any shares of common stock of the Company after giving effect to the offering. The Company will not receive any proceeds related to the offering, and its total number of shares of common stock outstanding will not change as a result of the offering. Credit Suisse Securities (USA) LLC is acting as the sole underwriter for the offering.  Full Article

Sally Beauty Holdings Inc's Sally Holdings LLC Announces Pricing Of Senior Notes Offering
Tuesday, 15 May 2012 03:50pm EDT 

Sally Holdings LLC (the Company), a wholly-owned subsidiary of Sally Beauty Holdings Inc announced the pricing of its previously announced public offering of $700 million aggregate principal amount of 5.75% Senior Notes due 2022 (the Senior Notes). The Senior Notes will bear interest at an annual rate of 5.75% and will be issued at a price equal to 100% of the principal amount thereof. The Company expects to close the offering on May 18, 2012, subject to the satisfaction of customary closing conditions. The Senior Notes will be guaranteed by Sally Beauty Holdings, Inc., Sally Investment Holdings LLC and certain of the Company`s domestic subsidiaries who have guaranteed obligations under its senior credit facilities and its existing notes due 2019. The Company expects that the net proceeds from this offering will be approximately $688 million. The proceeds from the offering will be used to pay in full the aggregate outstanding principal amount owing under the Company`s senior secured term loan facility due 2013 plus any accrued and unpaid interest thereon, approximately $91.1 million outstanding principal amount under the Company`s senior revolving credit facility and the fees and expenses incurred in connection with the offering. BofA Merrill Lynch, Credit Suisse, Wells Fargo Securities, Deutsche Bank Securities, Goldman, Sachs & Co., J.P. Morgan and RBC Capital Markets are serving as joint book-running managers for the offering.  Full Article

Sally Beauty Holdings Inc Announces Commencement Of Secondary Common Stock Offering And $200 Million Repurchase Of Common Stock
Monday, 7 May 2012 04:40pm EDT 

Sally Beauty Holdings Inc announced the underwritten public offering of 15,000,000 shares of its common stock held by investment funds associated with Clayton, Dubilier & Rice, LLC (the CDR Investors) pursuant to the Company’s shelf registration statement filed with the Securities and Exchange Commission. The CDR Investors currently own 45,662,971 shares of common stock, or approximately 24.4% of the common stock of the Company (before giving effect to the offering and the share repurchase referenced below). The Company will not receive any proceeds related to the offering, and its total number of shares of common stock outstanding will not change as a result of the offering. In addition, the Company announced that it agreed to repurchase approximately $200 million of its common stock directly from the CDR Investors, the selling stockholders in the offering, concurrently with the closing of the offering. The share repurchase will be effected in a private, non-underwritten transaction at a price per share equal to the price per share being paid by the underwriter to the CDR Investors in the offering. The Company expects to use borrowings under its revolving credit facility and cash on hand to fund the share repurchase. The closing of the share repurchase is contingent on the closing of the offering. The closing of the offering is not contingent on the closing of the share repurchase. Barclays is acting as the sole underwriter for the offering.  Full Article

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