Global Legal Chronicle | Regional Management Corp.’s $250 Million Securitization

Alston & Bird client Regional Management Corp., a diversified consumer finance company, has closed its eighth securitization, a private offering of $250 million of asset-backed notes, which is its largest securitization to date. The asset-backed notes are collateralized by a pool of soft secured, hard secured, and unsecured consumer loans, some of which constitute personal loans originated through Regional Management’s convenience check direct mail campaigns.

Alston & Bird client Regional Management Corp., a diversified consumer finance company, has closed its ninth securitization, a private offering of $200 million of asset-backed notes.

Tara Castillo, Alex Park, Mark Harris, Anna French, Krishna Pathak, Aryeh Wolosow, Kaleigh Spires, Jonathan Rose, Will Sugden, William Hao, Jacob Johnson, Julie Mediamolle, Bhanu Mathur, and Clay Littlefield are noted for representing Hilton Grand Vacations Inc. in completing an upsized revolving warehouse facility for $750 million.

Tara Castillo, Mark Harris, Robin Regan, David Rutherford, Andrew Burton, Liz Hilton, Ann Kresge, Pam Wheeler, Clay Littlefield, Jonathan Edwards, Jacob Johnson, Blake Estes, and Jonathan Rose are noted for representing Regional Management Corp. in a new warehouse facility with JP Morgan.

Alston & Bird client Hilton Grand Vacations Inc. has closed a $269 million securitization of vacation ownership loans through Hilton Grand Vacations Trust 2022-2. This marks a second ABS transaction in 2022 for HGV. The transaction features four classes of securities: approximately $153 million of Class A notes; approximately $73 million of Class B notes; approximately $26 million of Class C notes; and approximately $17 million of Class D notes.