Regis corporation announces new credit facility to refinance existing debt

Minneapolis--(business wire)--regis corporation (nasdaqgm: rgs) (“regis” or the “company”), a leader in the haircare industry, today announced that it has entered into a new senior secured credit facility with tcw asset management company llc (“tcw”), a leading global asset manager, and midcap financial trust (“midcap”). a $105 million term loan replaces the company's existing debt, reducing outstanding indebtedness by more than $80 million and saving approximately $7 million in cash interest a.
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