Moody's assigns Baa3 rating to Sally's new term loan
Moody's Investors Service ("Moody's") today assigned a Baa3 rating to Sally Holdings LLC's ("Sally") new proposed 7-year term loan. Sally's Ba1 corporate family rating ("CFR"), its Ba1-PD probability of default rating and Ba2 rating on the company's senior unsecured notes remain unchanged. There is...Sally Beauty Holdings is a holding company. Through its subsidiaries, the company is an international retailer and distributor of beauty supplies with operations in North America, South America and Europe. The company's business segments are: Sally Beauty Supply (SBS), which is an open-line retailer of beauty supplies; and Beauty Systems Group (BSG), which is a beauty supply distributor. SBS stores and websites carry beauty supplies, featuring beauty products across product categories including hair color and care, and skin and nail care. The company features beauty products in its BSG stores across product categories including hair color and care, skin and nail care, styling tools and other beauty items.
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