Beauty Health Company Announces Debt Refinancing, Extends Maturity and Strengthens Financial Position

Reuters
05-21
Beauty Health Company Announces Debt Refinancing, Extends Maturity and Strengthens Financial Position

The Beauty Health Company, known for its flagship brand Hydrafacial™, announced a significant refinancing of its existing debt. The company has entered into exchange agreements with certain holders of its 1.25% convertible senior notes due in 2026, exchanging approximately $413.2 million of these notes for $250 million of new 7.95% convertible senior secured notes due 2028, alongside approximately $143.4 million in cash. This move aims to strengthen the company's financial position and extend a portion of its debt maturity, allowing for greater investment in long-term growth strategies. The new notes, which bear a 7.95% interest rate, are secured and guaranteed by certain subsidiaries of the company. The transaction is expected to close around May 27, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Beauty Health Company published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9455709-en) on May 21, 2025, and is solely responsible for the information contained therein.

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