Press Release July 3, 2018

Regional Management Corp. Closes $150 Million Asset-Backed Securitization

Alston & Bird client Regional Management Corp., a diversified consumer finance company, has closed its first securitization backed by large loan receivables, completing a private offering of $150 million of asset-backed notes.

The sold notes, issued by Regional Management Issuance Trust 2018-1, comprise three classes, including a $129.7 million tranche of senior notes rated AA by DBRS.

Credit Suisse and Wells Fargo acted as joint lead bookrunners on the transaction.

Founded in 1987, Regional Management is a New York Stock Exchange-listed company providing a broad array of loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other traditional lenders.

Advising Regional Management was an Alston & Bird team led by partners Tara Castillo and Mark Harris (Finance), senior associate Allison Muth, and associate Zach Miller (Financial Services & Products); assisted by partner Clay Littlefield (Federal & International Tax); partners Jonathan Edwards and Will Sugden (Bankruptcy & Financial Restructuring); partners Hill Jeffries and David Baum (Capital Markets & Securities); partner Nanci Weissgold and senior associate Rinaldo Martinez (Consumer Finance Regulatory Compliance); counsel Pat DiCarlo (Employee Benefits & Executive Compensation); and partner Michael Giovannini (State & Local Tax).
Media Contact
Alex Wolfe
Communications Director
Phone: 212.210.9442

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