Regional Management Corp. Completes $250 Million Asset-Backed Securitization
Regional Management Corp. (RM)
Last regional management corp. earnings: 2/25 04:05 pm
Check Earnings Report
US:NYSE Investor Relations:
regionalmanagement.com
Company Research
Source: Business Wire
GREENVILLE, S.C.--(BUSINESS WIRE)--Regional Management Corp. (NYSE: RM), a diversified consumer finance company, announced today that it has completed a $250 million asset-backed securitization, marking its 11th successful securitization.The Regional Management Issuance Trust 2024-2 (RMIT 2024-2) notes were issued at a weighted-average coupon of 5.34% (an 85 bps improvement over the prior RMIT 2024-1 issued notes), secured by $284 million of receivables, with a 2-year revolving period. The Class A notes of the securitization received a top rating of “AAA” from Standard & Poor’s and Morningstar DBRS. The company used a portion of the proceeds from the RMIT 2024-2 securitization to fully pay off notes from its RMIT 2022-2B securitization having an original weighted-average coupon of 7.51%.“This transaction clearly demonstrates the ongoing strength of our company and securitization platform,” said Robert W. Beck, President and Chief Executive Officer of Regional Management Corp. “We
Show less
Read more
Impact Snapshot
Event Time:
RM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RM alerts
High impacting Regional Management Corp. news events
Weekly update
A roundup of the hottest topics
RM
News
- Investors in Regional Management (NYSE:RM) have unfortunately lost 35% over the last three years [Yahoo! Finance]Yahoo! Finance
- Regional Management Unveils $30M Buyback Plan & Growth Targets [Yahoo! Finance]Yahoo! Finance
- Regional Management Announces $30M Stock Buyback Plan, '25 Growth View [Yahoo! Finance]Yahoo! Finance
- Regional Management Corp. Announces Stock Repurchase Program and Growth Outlook [Yahoo! Finance]Yahoo! Finance
- Regional Management Corp. Announces Stock Repurchase Program and Growth OutlookBusiness Wire
RM
Earnings
- 11/6/24 - Miss
RM
Sec Filings
- 12/12/24 - Form 4
- 12/11/24 - Form 144
- 12/11/24 - Form 8-K
- RM's page on the SEC website