Regis to prepay $89.3 million of two series of 6.05% notes due 2017

By Susanna Moon

Chicago, June 19 - Regis Corp. plans to prepay its $35.7 million of outstanding 6.05% series O senior notes due Sept. 27, 2017 and its $53.6 million of outstanding 6.05% series P senior notes due Dec. 27, 2017, according to an 8-K filing with the Securities and Exchange Commission.

The prepayment date will be June 27.

The company said it will pay par plus accrued interest along with the make-whole premium of about $10.5 million to $11.1 million.

The make-whole premium may fluctuate and is based on Treasury bill rates of various maturities in effect on June 26, the filing noted.

The company originally issued $50 million of the series O notes and $75 million of the series P notes.

Minneapolis-based Regis is a hair-care salon franchise company.

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