Weil advised Regis Corporation, a leader in the haircare industry, with respect to the refinancing of its new senior secured credit facility with TCW Asset Management Company LLC and Midcap Financial Trust. A $105 million term loan replaces Regis’s existing debt, reducing outstanding indebtedness by more than $80 million and saving approximately $7 million in cash interest annually.

The new revolving credit facility and term loan will mature on June 24, 2029. Upon transition of Regis’s outstanding letters of credit to the new revolving credit facility, the Company expects to have full access to the availability in excess of the outstanding letters of credit.

The Weil Finance team was led by Banking & Finance Co-Head Courtney Marcus and included Banking & Finance associates Samantha Patel, Becky Lange and Erik Zimmerman. The Weil Restructuring team was led by Restructuring Department Co-Chair Ray C. Schrock, Restructuring partner Alexander Welch, along with Restructuring associate Alex Cohen. The Weil Tax team was led by International Tax Head Devon Bodoh and partner Alfonso Dulcey.