Regional Management amends RMR IV warehouse facility; extends maturity to May 2025, margin to 2.80%

Regional Management Corp.

Amendment No. 5 to the RMR IV Credit Agreement dated May 15, 2023.
Scheduled Commitment Termination Date extended to May 19, 2025.
Interest rate margin increased to 2.80% per annum under a separate letter agreement.
Certain subsidiaries added as Originators; definitions for Advance Rate, Concentration Limits revised.
Eligibility criteria for Eligible Receivables clarified.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Regional Management Corp. amended Amendment No. 5 to the Credit Agreement with Wells Fargo Bank, National Association valued at 2.80% per annum (effective 2023-05-15).

Action: amendment
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association
Value: 2.80% per annum
Effective: 2023-05-15

Exact text from the filing

Regional Management Corp. (the “ Company ”) and its wholly-owned subsidiary, Regional Management Receivables IV, LLC (“ RMR IV ”), entered into the Amendment No. 5 to the Credit Agreement, dated as of May 15, 2023 (the “ RMR IV Amendment ”), by and among the Company, as servicer, RMR IV, as borrower, the lenders and agents party thereto, Wells Fargo Bank, National Association, (“ Wells Fargo ”), as administrative agent (the “ Administrative Agent ”), and Wells Fargo, acting through its Corporate Trust Services division, as account bank and backup servicer.

View on SEC.gov

Browse all material agreements →

Regional Management Corp. filing history →

Source: SEC EDGAR

accession 0000950170-23-023258

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.