* Cuts dividend to $0.045 from $0.09
* Says Regions Bank to give 7-year credit of up to $500,000 (Adds details)
APRIL 4 - Unilens Vision Inc slashed its quarterly dividend by half, as it looks to improve its monthly cash flows from operations.
The contact lens maker also said it will make a minimum monthly principal repayment of $54,762 instead of $100,000 towards an existing loan.
It said Regions Bank, which financed the repurchase of 48 percent of its outstanding shares in January 2010, will provide it with a new seven-year credit facility of up to $500,000 for capital equipment financing.
The company had cash and cash equivalents of $418,412 and total liabilities of $6.2 million by the end of last year.
The company cut its quarterly cash dividend to 4.5 cents a share from 9 cents a share. (Reporting by Aftab Ahmed in Bangalore;Editing by Vyas Mohan)