Regional Management amends senior revolving credit facility with Bank of Montreal agent
Bank of Montreal BMO | 0.00 | |
Regional Management Corp. RM | 0.00 |
- Regional Management entered amendments on April 28, 2026 to senior revolving credit facility led by Bank of Montreal, updating terms to allow pledging of bank-partner originated receivables once conditions are met.
- Warehouse facilities for RMR IV, RMR V, RMR VI, RMR VII were amended to extend revolving periods into 2027-2028, pushing maturities out to 2028-2029.
- RMR VII amendment cut advance rate to 72.5% from 76% following securitization trigger holiday when higher concentration limits are elected for receivables with APR above 36%.
- Pricing on RMR VII was revised via amended fee letter, reducing interest margin on advances to 2.1% per year.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Regional Management Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-204309), on May 04, 2026, and is solely responsible for the information contained therein.
