debt
confidence high
sentiment positive
materiality 0.65
Regional Management Corp. enters new $355M senior revolving credit facility with improved terms
Regional Management Corp.
- New facility of up to $355M, expandable to $420M, with BMO as agent; matures August 2028.
- Interest rate spread reduced from 310 bps to 275 bps; maximum leverage increased to 6.0x from 5.25x.
- Terminated prior $355M facility that was due September 2025; prior obligations refinanced.
- Warehouse facility amendments align definitions with new senior facility; net worth covenant set at 6.0x.
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