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The latest announcement is out from Regis (RGS).
Regis Corporation has secured a new financing agreement to optimize its capital structure, involving a $105 million senior secured credit facility to refinance its existing debt and support general corporate needs. This facility includes a $35 million Term Loan A, a $70 million Term Loan B, and a $25 million revolving credit line, maturing in 2029. The strategic financial restructuring also led to the termination of a previous credit agreement, allowing the company to settle its outstanding obligations without incurring additional costs.
Learn more about RGS stock on TipRanks’ Stock Analysis page.