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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100