Regis secures new credit facility (NASDAQ:RGS)


  • Regis (NASDAQ:RGS) said it has entered into a new senior secured credit facility with TCW Asset Management.
  • The company added a $105 million term loan will replace the firm’s existing debt, reducing outstanding indebtedness by more than $80 million and saving ~$7 million in cash interest annually.
  • Additionally, the company will have access to a $25 million revolving credit facility.
  • The new revolving credit facility and term loan will mature on June 24, 2029.

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