Regional Management Corp. Completes $250 Million Asset-Backed Securitization
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Regional Management Corp. has completed a $250 million asset-backed securitization, marking its 11th successful securitization. The notes were issued at a weighted-average coupon of 5.34%, secured by $284 million of receivables, with a 2-year revolving period.
November 27, 2024 | 9:30 pm
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Regional Management Corp. has successfully completed a $250 million asset-backed securitization, improving its financial position and potentially enhancing investor confidence.
The successful completion of a $250 million asset-backed securitization indicates strong financial management and could improve liquidity. The improved coupon rate compared to previous notes suggests better market conditions or company performance, which may positively impact investor sentiment and the stock price.
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