Regis Enters New Senior Secured Credit Facility With TCW Asset Management
Portfolio Pulse from Benzinga Newsdesk
Regis Corporation has entered into a new senior secured credit facility with TCW Asset Management, which includes a $105 million term loan and a $25 million revolving credit facility. This move reduces Regis' outstanding debt by over $80 million and saves approximately $7 million in annual cash interest.
June 25, 2024 | 10:36 am
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Regis Corporation has secured a new $105 million term loan and a $25 million revolving credit facility with TCW Asset Management. This reduces Regis' outstanding debt by over $80 million and saves approximately $7 million in annual cash interest.
The new credit facility significantly reduces Regis' debt and annual interest expenses, which should improve its financial stability and potentially enhance investor confidence.
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