Regis Enters New Senior Secured Credit Facility With TCW Asset Management
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 annually.
In addition to the term loan, 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.