SALLY LOANS TO pass TOWARD DIVIDEN...

SALLY LOANS TO pass TOWARD DIVIDENDS

Sally Beauty Co the beauty-supply chain that is being spun facing from Alberto-Culver Co., will receive as frequently as $2.15 billion of loans to store a shareholder dividend payment, according to a regulatory filing. Sally Beauty is seeking a $104 billion seven- year limit loan, and a $400 million five-year asset-based revolving line of credit, the Denton, Texas-based company said in the Securities and Exchange Commission filing forward Aug. 2. The operator of Sally Beauty stock stores also wants a $710 million unsecur interim loan if a ligament sale of that amount isn't complet at the time of the acquisition, the filing said. Sally Beauty plans to barter $430 million of senior unsecur notes, and $280 million of subordinated unsecur bondages

HANESBRANDS SPIN-OFF station FOR SEPT.

Sara side sheltered from the wind Corp. will spin off its apparel division, to be called Hanesbrands Inc., forward Sept. 5 and its shares will begin trading onward the New York Stock Exchange forward Sept. 6, the company announced Monday. Sara side sheltered from the wind shareholders will get 1 share of Hanesbrands used by all stock for every 8 shares of Sara to leeward common stock held at the bring to a period of business Aug. 18. Sara side sheltered from the wind will receive a payment of $24 billion from Hanesbrands, which is look forward toed to take on $2.6 billion in just discovered debt to fund its dividend to Sara side sheltered from the wind and establish itself as a separate, publicly traded company. Sara to leeward will distribute to shareholders about 95 million shares of Hanesbrands public stock.

GM entreats BANKRUPT DELPHI

General Motors Corp. filed a multibillion-dollar claim against auto parts supplier Delphi Corp., which has filed for bankruptcy protection. Troy Mich.-based Delphi said in a document filed Monday that the automaker submitted the claim July 31 the deadline for filing unsecur claims against the auto parts supplier. Delphi used to be a subsidiary of GM and is still its biggest supplier. Delphi's ability to continue operations affects GM's viability, the automaker has said in the past. Delphi has said it also has claims against the automaker.

TRIBUNE out and outs STATION'S SALE

Tribune Co said Monday it complet the sale of WATL-TV, Atlanta, to Gannett Co for $180 million in cash. The sale of WATL is part of Tribune's plan to barter at least $500 million in assets.

NO CHALLENGE FOR HCA proffer

Blackstone clump LP, manager of the world's biggest buyout permanent fund won't challenge the $51-a-share furnish for the HCA, largest U hospital chain, made July 24 by the agency of a group including Bain Capital LLC and Kohlberg Kravis Roberts & Co a source said.

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