2024-06-25 17:17:36 ET
Summary
- Regis Corporation refinanced outstanding debt, reducing total debt significantly without wiping out shareholders.
- The new deal reduces leverage and interest payments, allowing for deleveraging through free cash flow and future Zenoti payment.
- Despite risks, the company's strong refinancing efforts have positioned them for potential growth and increased valuation in the future.
News broke this morning that Regis Corporation ( RGS ) had refinanced their outstanding indebtedness. The key terms are as follows:
Regis Transaction Terms (RGS Investor Deck) Regis Transaction Terms (RGS Investor Deck)
Read the full article on Seeking Alpha
For further details see:
Regis Refinancing A Home Run For Shareholders