---
schema_version: "secwatch.filing_event.v1"
accession: "0000716643-22-000040"
form_type: "8-K"
ticker: "RGS"
cik: "0000716643"
company_name: "REGIS CORP"
filed_at: "2022-08-15T23:59:59+00:00"
generated_at: "2026-06-24T00:08:46.856034+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Regis renegotiates debt: $180M term loan, maturity extended to Aug 2025, liquidity covenant cut to $10M

## Summary
- Converted $180M of existing $295M revolver to term loan; revolver reduced to $55M.
- Maturity extended from March 2023 to August 31, 2025; minimum liquidity covenant lowered to $10M from $75M.
- Term SOFR margin starts at 3.875%, steps to 6.25% (Mar 2023) then 7.25% (Mar 2024), with PIK interest.
- New covenants: min EBITDA, max leverage, fixed charge coverage (latter two not tested until Dec 31, 2023).
- Quarterly mandatory prepayment of 75-100% of excess cash flow; threshold for excess cash prepayment lowered to $15M.

## SEC filing metadata
- accession: 0000716643-22-000040
- form_type: 8-K
- ticker: RGS
- cik: 0000716643
- company_name: REGIS CORP
- filed_at: 2022-08-15T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/716643/000071664322000040/0000716643-22-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/716643/000071664322000040/rgs-20220812.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000716643-22-000040
- JSON: https://secwatch.observer/filing/0000716643-22-000040.json
- Plain text: https://secwatch.observer/filing/0000716643-22-000040.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.