Why Is Regis (RGS) Stock Up 215% Today?

Regis (NASDAQ:RGS) stock is up on Tuesday after the hair care salon company announced a new credit facility. Regis has secured a $105 million term loan that will replace its current debt. This will allow it to pay off its $80 million in debt, which will save it $7 million in annual interest payments. This will also give the company to a $25 million revolving credit facility. This and the new term loan have a maturity date of June 24, 2029. The lenders of these loans are TCW Asset Management Company LLC and ...