Regional Management Corp. Announces Closing of $125 Million Private Asset-Backed Securitization

Author's Avatar
Oct 12, 2021

Regional Management Corp. (NYSE: RM), a diversified consumer finance company, announced today that it has closed a $125 million private asset-backed securitization with a large institutional investor. The sold notes were issued at a fixed coupon of 3.875%, and the transaction structure allows for the funding of multiple loan products, including small, large, and convenience check loans, digitally-sourced originations, and loans with APRs greater than 36%.