Company: SBH
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001193125-25-280122
Chunk: 59

Company: Sally Beauty Holdings, Inc.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 6
Chunk 59
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 Long-term debt, excluding finance lease obligations

         Senior notes due 2032
          
         Level 2
          
         $
         600,000

         $
         622,500

         $
         600,000

         $
         615,000

         Term loan B due 2030
          
         Level 2

         275,000

         276,375

         394,000

         393,508

         Total long-term debt

         $
         875,000

         $
         898,875

         $
         994,000

         $
         1,008,508

       The fair value of our senior notes was measured using unadjusted quoted market prices. The fair value of our term loan B agreements was measured using unadjusted quoted market prices for similar debt securities in active markets.

F-14

Sally Beauty Holdings, Inc. and SubsidiariesNotes to Consolidated Financial StatementsFiscal Years ended September 30, 2025, 2024, and 2023 

4.Accumulated Stockholders’ EquityShare RepurchasesIn August 2017, our Board of Directors (the “Board”) approved a share repurchase program authorizing us to repurchase up to $1.0 billion of our common stock, subject to certain limitations governed by our debt agreements. In 2021, our Board approved a term extension of our share repurchase program through September 30, 2025. On May 6, 2025, the Board approved a term extension of the share repurchase program for an additional four-year period ending September 30, 2029. Under this extension the Company is authorized to purchase its common stock up to the amount remaining under the Board’s 2017 authorization. As of September 30, 2025, we had approximately $467.3 million of additional share repurchase authorizations remaining under our share repurchase program.Information related to our shares repurchased and subsequently retired were as follows (in thousands):

         Fiscal Year Ended September 30,

         2025

         2024

         2023

         Number of shares repurchased

         4,981

         5,143

         1,511

         Total cost of share repurchased
          
         $
         53,996

         $
         60,391

         $
         15,150

       The amounts above do not include approximately