{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-294449","form_type":"8-K","ticker":"RM","cik":"0001519401","company_name":"Regional Management Corp.","filed_at":"2022-11-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.955454+00:00","generated_at":"2026-06-21T12:15:54.096244+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Regional Management Corp. Amends Credit Facilities and Basswood Cooperation Agreement","bullets":["Sixth Amendment reduced revolving credit facility commitments to $420 million and adjusted borrowing base to 48%-83% of eligible receivables through Jan 2023.","RMR V warehouse facility amendment extended scheduled commitment termination to Nov 28, 2024, replaced LIBOR with SOFR, and increased interest margin to 2.75%.","Letter agreement with Basswood Capital Management set minimum ownership threshold to lesser of 7.5% or 718,657 shares and extended standstill through 2024.","Added minimum total portfolio collateral performance covenant of 21% and raised collateral performance indicator to 50% for months Oct 2022 through Jan 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-294449","json":"https://secwatch.observer/filing/0001193125-22-294449.json","markdown":"https://secwatch.observer/filing/0001193125-22-294449.md","text":"https://secwatch.observer/filing/0001193125-22-294449.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1519401/000119312522294449/0001193125-22-294449-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1519401/000119312522294449/d387312d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T12:15:54.096244+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":"d149c644457e797d47d7ac6c25fbd33ba2c14889","claim":"Regional Management Corp. amended Letter Agreement with Basswood Capital Management, L.L.C. (effective 2022-11-28).","evidence_excerpt":"On November 28, 2022, the Company entered into a letter agreement (the “ Letter Agreement ”) with Basswood Capital Management, L.L.C. (“ Basswood ”) that amends the Cooperation Agreement, dated as of January 26, 2018, by and between Basswood and the Company (the “ Cooperation Agreement ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1519401/000119312522294449/0001193125-22-294449-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Counterparty","value":"Basswood Capital Management, L.L.C."},{"label":"Effective","value":"2022-11-28"}],"fact_type":"material_agreement"},{"claim_id":"d5b11e210b4f5b34a6390bdfe612416643c94184","claim":"Regional Management Corp. amended RMR V Amendment with JPMorgan Chase Bank, N.A., as administrative agent (effective 2022-11-22).","evidence_excerpt":"On November 22, 2022, the Company and its wholly-owned subsidiary, Regional Management Receivables V, LLC (“ RMR V ”), entered into the Amendment No. 4 to Credit Agreement (the “ RMR V Amendment ”), by and among the Company, as servicer, RMR V, as borrower, the lenders parties thereto, JPMorgan Chase Bank, N.A., as administrative agent (the “ Administrative Agent ”), and Wells Fargo Bank, National Association, acting through its corporate trust services division, as account bank and backup servicer (the “ Account Bank ” and “ Backup Servicer ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1519401/000119312522294449/0001193125-22-294449-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as administrative agent"},{"label":"Effective","value":"2022-11-22"}],"fact_type":"material_agreement"},{"claim_id":"dcc4f149edaa44a076c3d12429a764348fc4e962","claim":"Regional Management Corp. amended Sixth Amendment with Wells Fargo Bank, National Association, as agent valued at $420 million (effective 2022-11-22).","evidence_excerpt":"The Sixth Amendment amends the Loan Agreement to, among other things, (i) remove Axos Bank as a lender and reduce the commitments of the remaining lenders under the credit facility to $420 million","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1519401/000119312522294449/0001193125-22-294449-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association, as agent"},{"label":"Value","value":"$420 million"},{"label":"Effective","value":"2022-11-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}