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.
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