- 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.
2024-06-25