---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-012100"
form_type: "8-K"
ticker: "RM"
cik: "0001519401"
company_name: "Regional Management Corp."
filed_at: "2023-04-06T23:59:59+00:00"
generated_at: "2026-06-17T05:07:40.079349+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Regional Management Corp. enters $75M revolving warehouse credit agreement for consumer loan financing

## Summary
- $75 million warehouse facility secured by consumer loans and a SUBI certificate.
- Advance rate 80% (74% upon Level I Trigger Event); interest at Adjusted Term SOFR + 3.00% margin plus step-up.
- Revolving period through October 3, 2024; legal final maturity 12 months after revolving period ends.
- Covenants include delinquency, charge-off, and excess spread ratio maintenance; trigger events could accelerate maturity.
- BMO Capital Markets Corp. serves as administrative agent; Computershare as backup servicer.

## SEC filing metadata
- accession: 0000950170-23-012100
- form_type: 8-K
- ticker: RM
- cik: 0001519401
- company_name: Regional Management Corp.
- filed_at: 2023-04-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1519401/000095017023012100/0000950170-23-012100-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1519401/000095017023012100/rm-20230403.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-012100
- JSON: https://secwatch.observer/filing/0000950170-23-012100.json
- Plain text: https://secwatch.observer/filing/0000950170-23-012100.txt

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