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Stock impact report

Regional Management Corp. Completes $253 Million Asset-Backed Securitization

Regional Management Corp. (RM) 
Last regional management corp. earnings: 2/25 04:05 pm Check Earnings Report
US:NYSE Investor Relations: regionalmanagement.com
Company Research Source: Business Wire
GREENVILLE, S.C.--(BUSINESS WIRE)--Regional Management Corp. (NYSE: RM), a diversified consumer finance company, announced today that it has completed a $253 million asset-backed securitization.The Regional Management Issuance Trust 2025-2 (RMIT 2025-2) notes were issued at a weighted-average coupon of 4.83% (a 47 basis point improvement over the prior RMIT 2025-1 issued notes), secured by $278 million of receivables, with a 2-year revolving period. The Class A notes of the securitization received a top rating of “AAA” from Standard & Poor’s and Morningstar DBRS. The company used a portion of the proceeds from the RMIT 2025-2 securitization to pay down variable rate debt facilities, as well as fully pay off notes from its RMIT 2021-1 securitization.“This transaction highlights our consistent execution, enduring strength, and resilience in navigating dynamic market environments,” said Robert W. Beck, President and Chief Executive Officer of Regional Management Corp. “It further ref Show less Read more
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