Hair Cuttery Family of Brands Announces Signing of New Senior Secured Credit Facility

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The multi-brand company of hair salons and professional styling products partners with WhiteHorse Capital to continue moving the brand into the future

We are excited to partner with WhiteHorse Capital to continue moving Hair Cuttery Family of Brands into the future.

HC Salon Holdings, Inc. d/b/a Hair Cuttery Family of Brands announced today the signing of a new senior secured credit agreement with WhiteHorse Capital, the direct lending affiliate of H.I.G. Capital.

The initial funding of loans under the credit agreement occurred on September 30, 2021. Hair Cuttery Family of Brands intends to use the proceeds of such loans to recapitalize its business and invest in current and future growth.

“We are excited to partner with WhiteHorse Capital to continue moving Hair Cuttery Family of Brands into the future,” said Azhar Quader, Chairman of Hair Cuttery Family of Brands.

Seth Gittlitz, CEO of Hair Cuttery Family of Brands, added, “This strategic recapitalization has not only reinvigorated our investors, but also instilled even greater confidence in our business model and growth potential,” said Seth Gittlitz, CEO of Hair Cuttery Family of Brands.

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About Hair Cuttery Family of Brands
HC Salon Holdings, Inc. d/b/a Hair Cuttery Family of Brands (HCFB) is the official home of Hair Cuttery®,
Bubbles®, and CIBU®. As a multi-brand company of hair salons and professional styling products, HCFB provides
an affordable indulgence for all. By putting its stylists at the heart of its business, HCFB is able to embrace a
hospitality-driven approach to hair care.

After relaunching in 2020 with a mission to create human connections by giving the confidence of style, HCFB
empowers thousands of Salon Professionals to deliver exceptional Guest service. HCFB continues to transform the
beauty industry by adopting tech solutions that personalize the Guest experience inside and outside of the salon.
HCFB is the everything hair experience for the entire family. For more information, visit http://www.haircuttery.com and
http://www.bubblessalons.com.

Certain statements in this press release may be forward-looking statements. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. Such forward-looking statements are based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release.

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Mary Eva Tredway