Press Release March 2, 2022

Regional Management Corp. Closes $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.

The sold notes, issued by Regional Management Issuance Trust 2022-1, comprise four classes, including a $170.6 million tranche of senior notes rated AAA by DBRS, the first time a senior class of notes in a Regional Management securitization has received the top rating.

Founded in 1987, Regional Management is a New York Stock Exchange–listed company that provides installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders.

Advising Regional Management was an Alston & Bird team led by partners Tara Castillo, Mark Harris (Finance), Clay Littlefield (Federal & International Tax), David Baum, Nanci Weissgold (Financial Services & Products), and Jonathan Rose (ERISA); counsel William Hao (Financial Restructuring & Reorganization) and Ross Speier (Financial Services & Products); senior associates Jacob Johnson (Financial Restructuring & Reorganization) and Andrew Claytor (Federal & International Tax); and associates Andrew Burton and Krishna Pathak (Finance).

Media Contact
Alex Wolfe
Communications Director

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