Supercuts Operator Regis Gets Debt Advice from Jefferies (1)

Supercuts salon owner Regis Corp. is working with Jefferies Financial Group Inc. to help refinance its debt, according to people familiar with the situation, who asked not to be identified discussing a private matter.

The salon chain’s outstanding debt includes a roughly $170 million term loan and a revolving credit facility, both due in 2025, according to regulatory filings. As of March, the company had $36.7 million of liquidity, including $5.9 million of cash.

Representatives for the company and Jefferies declined to comment. Jefferies previously advised the company on a 2022 debt amendment.

Regis shares dropped as much as 9% ...