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Regis enters into new $260 million five-year unsecured revolver
By Tali Rackner
Minneapolis, March 29 – Regis Corp. closed on a new $260 million five-year unsecured revolving credit facility, according to a press release.
Bank of America, NA and KeyBanc Capital Markets LLC are the joint lead arrangers and bookrunners.
The facility matures in March 2023.
The new revolver replaces the company’s previous $200 million five-year unsecured credit facility that was due to expire in June 2018.
The company will use $90 million of borrowings under the new facility, along with cash on hand, to redeem its $123 million 5˝% high-yield notes due December 2019.
Regis is a Minneapolis owner, operator and franchiser of hair salons.
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