Regis amends revolving facility to lift commitments to $295 million

By Marisa Wong

Morgantown, W.Va., April 27 – Regis Corp. amended its revolving credit facility dated March 26 to increase commitments by $35 million for a total of $295 million, according to an 8-K filing with the Securities and Exchange Commission.

The amendment, completed on Wednesday, decreases the amount of additional revolving commitments the company can request in the future to $115 million from $150 million and also removes the committed multicurrency borrowings facility.

Bank of America, NA is the administrative agent, and Merrill Lynch, Pierce, Fenner & Smith Inc. and KeyBanc Capital Markets Inc. are joint lead arrangers and joint bookrunners for the revolver.

Regis is a Minneapolis owner, operator and franchiser of hair salons.

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