Regional Management Corp. announced on April 1, 2025, the completion of a $265 million asset-backed securitization, marking its 12th successful securitization. The Regional Management Issuance Trust 2025-1 (RMIT 2025-1) notes were issued at a weighted-average coupon of 5.30%, a 5 basis point improvement over the prior RMIT 2024-2 issued notes.
The Class A notes of the securitization received a top rating of 'AAA' from Standard & Poor’s and Morningstar DBRS. The transaction was secured by $298 million of receivables and includes a 2-year revolving period.
Proceeds from the RMIT 2025-1 securitization were used to pay down variable rate debt facilities and fully pay off notes from its RMIT 2020-1 securitization. This transaction further enhances the company's balance sheet and continues to moderate its exposure to interest rate risk, with fixed-rate debt at approximately 91% of total debt and a weighted-average coupon of 4.4%.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.