{"id":68057,"date":"2025-05-21T12:03:13","date_gmt":"2025-05-21T12:03:13","guid":{"rendered":"https:\/\/english.saigonbiz.com.vn\/2025\/05\/21\/the-beauty-health-company-announces-convertible-debt-refinancing\/"},"modified":"2025-05-21T12:03:13","modified_gmt":"2025-05-21T12:03:13","slug":"the-beauty-health-company-announces-convertible-debt-refinancing","status":"publish","type":"post","link":"https:\/\/english.saigonbiz.com\/vn\/the-beauty-health-company-announces-convertible-debt-refinancing\/","title":{"rendered":"The Beauty Health Company Announces Convertible Debt Refinancing"},"content":{"rendered":"
\n

Refinancing extends maturity of existing debt and strengthens Company\u2019s financial position to advance growth strategy<\/em><\/p>\n

LONG BEACH, Calif., May 21, 2025 (GLOBE NEWSWIRE) — The Beauty Health Company (NASDAQ:SKIN), home to flagship brand Hydrafacial™, today announced that it entered into privately negotiated exchange agreements (the \u201cExchange Agreements\u201d) with certain holders (the \u201cExchanging Holders\u201d) of the Company\u2019s outstanding 1.25% convertible senior notes due 2026 (the \u201cExisting Notes\u201d).<\/p>\n

\u201cOur refinancing marks a critical step in strengthening our financial position and extending a portion of our debt maturity, giving us greater flexibility to invest in long-term, profitable growth,\u201d said BeautyHealth Chief Executive Officer Marla Beck. \u201cWith a robust pipeline of innovation and bold brand initiatives, we\u2019re focused on enhancing commercial execution, accelerating science-backed product development, and deepening provider engagement.\u201d<\/p>\n

Under the terms of the Exchange Agreements, the Company will exchange approximately $413.2 million of aggregate principal amount of the Existing Notes for $250.0 million of new 7.95% convertible senior secured notes due 2028 (the \u201cNew Notes\u201d), along with an aggregate of approximately $143.4 million in cash, including accrued and unpaid interest (the \u201cExchange\u201d). The New Notes will be senior, secured obligations of the Company, will be guaranteed by certain of the Company\u2019s subsidiaries (including the Company\u2019s material domestic, wholly owned subsidiaries), and will bear interest at a rate of 7.95% per annum. Subject to certain restrictions, noteholders may convert the New Notes at any time until two scheduled trading days prior to maturity. The initial conversion rate is 349.6503 shares per $1,000 principal amount, reflecting a conversion price of approximately $2.86 per share. This rate is subject to adjustment based on certain events. The Company expects to close the Exchange on or around May 27, 2025.<\/p>\n

Goldman Sachs is acting as exclusive financial advisor and Latham & Watkins LLP served as transaction counsel to BeautyHealth.<\/p>\n

Additional information regarding this announcement may be found in a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission.<\/p>\n

The New Notes have not been, and will not be, registered under the Securities Act of 1933, as amended (the \u201cSecurities Act\u201d), or any other securities laws, and the New Notes and the shares of the Company\u2019s Class A Common Stock issuable upon conversion of the New Notes will not be offered or sold except pursuant to an effective registration statement or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, the New Notes and related guarantees, the Existing Notes or any other securities, nor will there be any sale of the New Notes and related guarantees, the Existing Notes or any other securities, in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful.<\/p>\n

About The\u00a0Beauty Health Company<\/strong>
The\u00a0Beauty Health Company\u00a0(NASDAQ: SKIN) is a medtech meets beauty company delivering millions of skin health experiences every year that help consumers reinvent their relationship with their skin, bodies, and self-confidence. Our brands are pioneers: Hydrafacial™ in hydradermabrasion, SkinStylus™ in microneedling, and Keravive™ in scalp health. Together, with our powerful global community of estheticians, partners, and consumers, we are personalizing skin health for all ages, genders, skin tones, and skin types. We are committed to being ever more mindful in how we conduct our business to positively impact our communities and the planet. Find a local provider at\u00a0https:\/\/hydrafacial.com\/find-a-provider\/<\/a>\u00a0and learn more at\u00a0beautyhealth.com<\/a>\u00a0or\u00a0LinkedIn<\/a>.<\/p>\n

Forward-Looking Statements<\/strong>
Certain statements made in this press release are \u201cforward looking statements\u201d within the meaning of the \u201csafe harbor\u201d provisions of the United States Private Securities Litigation Reform Act of 1995, including statements regarding The Beauty Health Company\u2019s strategy, plans, objectives, initiatives and financial outlook. When used in this press release, the words \u201cestimates,\u201d \u201cprojects,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cforecasts,\u201d \u201cplans,\u201d \u201cintends,\u201d \u201cbelieves,\u201d \u201cseeks,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cfuture,\u201d \u201cpropose\u201d and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements.<\/p>\n

These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside The Beauty Health Company\u2019s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. As such, readers are cautioned not to place undue reliance on any forward-looking statements.<\/p>\n

Important factors that may affect actual results or outcomes include, but are not limited to: risks related to whether the Company will be able to satisfy the conditions required to close the transaction; the potential impact of market and other general economic conditions; the ability of the Company to successfully execute its business plan and achieve the intended benefits thereof; the Company’s failure to manage growth effectively; the Company’s failure to fully realize the anticipated benefits of the transaction; and other risks and uncertainties set forth in the Company\u2019s Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 filed with the U.S. Securities and Exchange Commission (the \u201cSEC\u201d) on May 8, 2025, and in the Company\u2019s subsequent filings with the SEC. There may be additional risks that the Company does not presently know of or that the Company currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. The Beauty Health Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.<\/p>\n

Contacts:<\/strong>\u00a0
Investors: IR@beautyhealth.com<\/a>\u00a0
Source:<\/strong> BeautyHealth\u00a0<\/p>\n

\"\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Refinancing extends maturity of existing debt and strengthens Company\u2019s financial position to advance growth strategy LONG BEACH, Calif., May 21, 2025 (GLOBE NEWSWIRE) — The Beauty Health Company (NASDAQ:SKIN), home to flagship brand Hydrafacial™, today announced that it entered into privately negotiated exchange agreements (the \u201cExchange Agreements\u201d) with certain holders (the \u201cExchanging Holders\u201d) of the […]\n","protected":false},"author":1,"featured_media":79226,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-68057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-people"],"yoast_head":"\nThe Beauty Health Company Announces Convertible Debt Refinancing - Biz and Live in Saigon<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/english.saigonbiz.com\/vn\/the-beauty-health-company-announces-convertible-debt-refinancing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Beauty Health Company Announces Convertible Debt Refinancing\" \/>\n<meta property=\"og:description\" content=\"Refinancing extends maturity of existing debt and strengthens Company\u2019s financial position to advance growth strategy LONG BEACH, Calif., May 21, 20\" \/>\n<meta property=\"og:url\" content=\"https:\/\/english.saigonbiz.com\/vn\/the-beauty-health-company-announces-convertible-debt-refinancing\/\" \/>\n<meta property=\"og:site_name\" content=\"Biz and Live in Saigon\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SaigonbizGroup\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-21T12:03:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/english.saigonbiz.com\/vn\/wp-content\/uploads\/2025\/05\/Hydrafacial-LLC-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1\" \/>\n\t<meta property=\"og:image:height\" content=\"1\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/the-beauty-health-company-announces-convertible-debt-refinancing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/the-beauty-health-company-announces-convertible-debt-refinancing\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#\/schema\/person\/267b348e6cf32a66aab33637c2d399a6\"},\"headline\":\"The Beauty Health Company Announces Convertible Debt Refinancing\",\"datePublished\":\"2025-05-21T12:03:13+00:00\",\"dateModified\":\"2025-05-21T12:03:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/the-beauty-health-company-announces-convertible-debt-refinancing\/\"},\"wordCount\":959,\"publisher\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#organization\"},\"articleSection\":[\"People\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/the-beauty-health-company-announces-convertible-debt-refinancing\/\",\"url\":\"https:\/\/english.saigonbiz.com\/vn\/the-beauty-health-company-announces-convertible-debt-refinancing\/\",\"name\":\"The Beauty Health Company Announces Convertible Debt Refinancing - 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