{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-111237","form_type":"8-K","ticker":"RM","cik":"0001519401","company_name":"Regional Management Corp.","filed_at":"2025-08-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.203093+00:00","generated_at":"2026-05-17T10:12:31.498995+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Regional Management Corp. enters new $355M senior revolving credit facility with improved terms","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-111237","json":"https://secwatch.observer/filing/0000950170-25-111237.json","markdown":"https://secwatch.observer/filing/0000950170-25-111237.md","text":"https://secwatch.observer/filing/0000950170-25-111237.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1519401/000095017025111237/0000950170-25-111237-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1519401/000095017025111237/rm-20250819.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T10:12:31.498995+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5cb8b31ec13ee6fcf39df4dd08e959028621ec4f","claim":"Regional Management Corp. incurred revolving credit of up to $355.0 million with BMO Harris Financing, Inc., Banc of California, Texas Capital Bank, EverBank, N.A., and First Horizon Bank, with Bank of Montreal (\"BMO\"), as agent at one-month SOFR, with a SOFR floor of 0.50%, plus a margin of 2.75% maturing August 19, 2028.","evidence_excerpt":"N.A., and First Horizon Bank, with Bank of Montreal (“ BMO ”), as agent. The key aspects of the Loan Agreement are as follows: (i) a senior revolving credit facility of up to $355.0 million, with an accordion provision allowing for expansion to $420.0 million; (ii) maximum leverage under the Loan Agreement increased from 5.25x in the Prior Loan Agreement (as defined","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1519401/000095017025111237/0000950170-25-111237-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to $355.0 million"},{"label":"Counterparty","value":"BMO Harris Financing, Inc., Banc of California, Texas Capital Bank, EverBank, N.A., and First Horizon Bank, with Bank of Montreal (\"BMO\"), as agent"},{"label":"Rate","value":"one-month SOFR, with a SOFR floor of 0.50%, plus a margin of 2.75%"},{"label":"Maturity","value":"August 19, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}