Regional Management Corp. entered into the First Amendment to the Loan and Security Agreement, dated August 19, 2025, among the Company and its subsidiaries as borrowers, financial institutions as lenders, and Bank of Montreal as agent. The First Amendment addresses amendments to and the incorporation of certain definitions relating to the pledge of receivables originated by a bank partner upon the satisfaction of certain conditions.
On April 28, 2026, the Company and its wholly-owned subsidiary, Regional Management Receivables IV, LLC (RMR IV), entered Amendment No. 8 to the Credit Agreement, amending definitions including Concentration Limits, Intercreditor Agreement, Maturity Date, Security Agreement, and Unused Commitment Fee, adding direct subsidiaries as Originators, extending the revolving period end date to May 2027 and maturity date to May 2028, and updating definitions such as Bank Originator Transfer Agreement, Bank Retained Loans, Credit Policy, and Eligible Receivables for pledged receivables. The amendment also adds a maximum receivables balance for unsecured receivables.
On April 28, 2026, the Company and Regional Management Receivables V, LLC (RMR V) entered Amendment No. 8 to Credit Agreement, amending definitions, adding subsidiaries to Originator, extending revolving period end date to November 2027 and maturity date to November 2028, and updating definitions including Bank Originator Transfer Agreement, Bank Retained Loans, Contract, Credit Policy, Owner of Record, and Eligible Receivables relating to the pledge of receivables originated by a bank partner. On April 28, 2026, the Company and Regional Management Receivables VI, LLC (RMR VI) entered the Fourth Amendment to Credit Agreement, amending definitions including Concentration Limits, Credit Score, Intercreditor Agreement, Maturity Date, Security Agreement, and Unused Commitment Fee, adding subsidiaries to Originator, extending revolving period end date to April 2028 and maturity date to April 2029, updating definitions such as Bank Originator Transfer Agreement, Bank Retained Loans, Credit Policy, and Eligible Receivables, and removing minimum credit score from Eligible Receivables.
On April 28, 2026, the Company and Regional Management Receivables VII, LLC (RMR VII) entered the Fourth Amendment to Credit Agreement, amending the Advance Rate definition to reduce the advance rate from 76.0% to 72.5% after a securitization trigger holiday if RMR VII applies a higher concentration limit for receivables with an APR greater than 36.00%, updating definitions including Concentration Limits, Intercreditor Agreement, Maturity Date, Security Agreement, and Unused Commitment Fee, adding subsidiaries to Originator, extending revolving period end date to October 2027, establishing a one-year amortization period and extending maturity date to October 2028, updating definitions including Bank Originator Transfer Agreement, Bank Retained Loans, Contract, Credit Policy, Eligible Receivables, and Owner of Record. Pricing terms were modified per an amended and restated fee letter, reducing the margin applied in calculating the rate of interest on advances under the RMR VII Credit Agreement to 2.1% per annum. The lenders and agents have provided and may continue to provide investment banking, underwriting, lending, commercial banking, trust, and advisory services to the Company and its subsidiaries and affiliates.
