Regional Management Corp. (RM): debt financing — Regional Management closes $265M asset-backed securitization; redeems $180M 2020-1 notes

Regional Management Corp.

$265M notes issued at weighted-average coupon 5.30% (5 bps improvement over prior RMIT 2024-2).
Notes secured by $298M consumer loans; Class A rated AAA by S&P and Morningstar DBRS.
Proceeds used to pay down variable rate debt and fully redeem $180M 2020-1 securitization.
Fixed-rate debt now ~91% of total debt at 4.4% weighted-average coupon; revolving duration 1.3 years.

item 1.01 item 2.03 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Regional Management Corp. incurred senior notes of $265 million with Wells Fargo Securities, LLC, BMO Capital Markets Corp., J.P. Morgan Securities LLC, Regions Securities LLC at 4.99% (Class A) 5.53% (Class B) 5.73% (Class C) 6.58% (Class D) maturing April 17, 2034.

Instrument: senior notes
Principal: $265 million
Counterparty: Wells Fargo Securities, LLC, BMO Capital Markets Corp., J.P. Morgan Securities LLC, Regions Securities LLC
Rate: 4.99% (Class A) 5.53% (Class B) 5.73% (Class C) 6.58% (Class D)
Maturity: April 17, 2034
Event: incurrence

Exact text from the filing

On March 31, 2025 (the " Closing Date "), Regional Management Corp. (the " Company ") completed a private offering and sale of $265 million principal amount of asset-backed notes (the " 2025-1 Securitization ").

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Regional Management Corp. filing history →

Source: SEC EDGAR

accession 0000950170-25-049532

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