What made Regis stock more than double on Tuesday?

Regis Corp (NASDAQ: RGS) has entered into a “new senior secured credit facility” with the global asset manager TCW Asset Management Company LLC and Midcap Financial Trust. Its shares are up well over 100% on Tuesday. Why does it matter for Regis stock? A $105 million term loan, the company’s press release added, will replace

Source: Invezz