Regional Management Corp. Enters New Agreements, Terminates Others

TL;DR

RMGT just signed new deals and ditched old ones, creating new financial obligations.

AI Summary

On August 19, 2025, Regional Management Corp. entered into a material definitive agreement and simultaneously terminated another. The company also created a direct financial obligation or an obligation under an off-balance sheet arrangement. Specific details regarding the nature of these agreements and obligations are not provided in this filing.

Why It Matters

This filing indicates significant changes in Regional Management Corp.'s contractual and financial obligations, which could impact its future operations and financial health.

Risk Assessment

Risk Level: medium — The filing indicates material changes in agreements and financial obligations, the specifics of which are not detailed, creating uncertainty.

Key Players & Entities

• Regional Management Corp. (company) — Registrant
• August 19, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.10 — nge on which registered Common Stock, $0.10 par value RM New York Stock Exchang
• $355.0 m — nior revolving credit facility of up to $355.0 million, with an accordion provision allo
• $420.0 million — ion provision allowing for expansion to $420.0 million; (ii) maximum leverage under the Loan A
• $355.0 million — ans in an aggregate commitment of up to $355.0 million. Item 2.03 Creation of a Direct Finan

Filing Documents

• rm-20250819.htm (8-K) — 80KB
• rm-ex10_1.htm (EX-10.1) — 1224KB
• rm-ex10_2.htm (EX-10.2) — 1997KB
• rm-ex10_3.htm (EX-10.3) — 3987KB
• rm-ex10_4.htm (EX-10.4) — 2141KB
• rm-ex10_5.htm (EX-10.5) — 2126KB
• 0000950170-25-111237.txt ( ) — 13264KB
• rm-20250819.xsd (EX-101.SCH) — 24KB
• rm-20250819_htm.xml (XML) — 5KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Senior Revolving Credit Facility On August 19, 2025, Regional Management Corp. (the " Company ") and certain of its subsidiaries entered into a Loan and Security Agreement (the " Loan Agreement ") with a syndicate of banks comprised of BMO Harris Financing, Inc., Banc of California, Texas Capital Bank, EverBank, 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 in Item 1.02 below) to 6.0x; (iii) interest rate spread under the Loan Agreement decreased from 310 basis points in the Prior Loan Agreement to 275 basis points; (iv) the eligibility and pledge of receivables originated by a bank partner upon the satisfaction of certain conditions; and (v) maturity in August 2028. The Loan Agreement replaces the Company's Prior Loan Agreement. The Loan Agreement provides for a senior revolving credit facility of up to $355.0 million, with a borrowing base of up to 83% of eligible finance receivables, and up to 60% of finance receivables constituting eligible delinquent renewals, in each case, subject to adjustment at certain credit quality levels. The Loan Agreement also addresses amendments to and the incorporation of certain definitions relating to the eligibility and pledge of receivables originated by a bank partner upon the satisfaction of certain conditions. The Loan Agreement has an accordion provision that allows for the expansion of the senior revolving credit facility to up to $420.0 million. Borrowings under the facility bear interest, payable monthly, at a rate equal to one-month SOFR, with a SOFR floor of 0.50%, plus a margin of 2.75%. The Company also pays an unused line fee of 0.90% per an

02 Termination of a Material Definitive Agreement

Item 1.02 Termination of a Material Definitive Agreement. Amended and Restated Revolving Credit Facility On August 19, 2025, in connection with entry into the Loan Agreement, the Company terminated the existing Seventh Amended and Restated Loan and Security Agreement, dated as of September 20, 2019, by and among the Company, certain of its subsidiaries party thereto, the lenders named therein, and Wells Fargo Bank, National Association, as agent (as amended through the date hereof, the " Prior Loan Agreement "). The Prior Loan Agreement was scheduled to mature on September 20, 2025 and provided revolving loans in an aggregate commitment of up to $355.0 million. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The disclosure set forth above under the subheading Senior Revolving Credit Facility under Item 1.01 in this Current Report on Form 8-K is incorporated by reference herein.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Loan and Security Agreement, dated as of August 19, 2025, by and among Regional Management Corp. and its subsidiaries named as borrowers therein, the financial institutions named as lenders therein, and Bank of Montreal, as agent. 10.2 Amendment No 7 to the Credit Agreement, dated as of August 19, 2025, by and among Regional Management Corp., as servicer, Regional Management Receivables IV, LLC, as borrower, the lenders party thereto, Wells Fargo Bank, National Association, as administrative agent, and Computershare Trust Company, N.A., as successor to Wells Fargo Bank, National Association, acting through its Corporate Trust Services division, including its successors and permitted assigns, as account bank, securities intermediary, and backup servicer. 10.3 Amendment No. 7 to the Credit Agreement, dated as of August 19, 2025, by and among Regional Management Corp., as servicer, Regional Management Receivables V, LLC, as borrower, the lenders from time to time parties thereto, Wells Fargo Bank, National Association, acting through its Corporate Trust Services division, including its successors and permitted assigns, as account bank and backup servicer, and JPMorgan Chase Bank, N.A., as administrative agent. 10.4 Third Amendment to Credit Agreement, dated as of August 19, 2025, by and among Regional Management Corp., as servicer, Regional Management Receivables VI, LLC, as borrower, the lenders parties thereto, and Regions Bank, as administrative agent and securities intermediary and Computershare Trust Company, N.A. as resigning securities intermediary. 10.5 Third Amendment to Credit Agreement, dated as of August 19, 2025, by and among Regional Management Corp., as servicer, Regional Management Receivables VII, LLC, as borrower, the lenders parties thereto, and BMO Capital Markets Corp., as administrative agent. 104 Cover Page Interactive Data File

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Regional Management Corp. Date: August 25, 2025 By: /s/ Harpreet Rana Harpreet Rana Executive Vice President and Chief Financial and Administrative Officer

View Full Filing

View this 8-K filing on SEC EDGAR