Regional Management Corp. filed a Current Report on Form 8-K dated November 10, 2026, to disclose a presentation regarding its upcoming asset-backed security (ABS) transaction. The company attached Exhibit 99.1, which outlines the terms for a new securitization effort.
The transaction, designated as RMIT 2026-1, represents the 14th deal from the Regional Management Issuance Trust platform. It is structured to issue four classes of notes: Class A, Class B, Class C, and Class D, offered under both Rule 144A and Regulation S. The collateral for the deal consists of hard-secured, soft-secured, and unsecured fixed-rate personal loans. The Initial Cut-off Date for the collateral is October 31, 2026.
The offering is expected to have a total pool balance of approximately $266.7 million. The notes are to be priced using a Constant Prepayment Rate (CPR) assumption of 35% to maturity. The transaction includes an optional par redemption of the notes at the end of a two-year revolving period and a 10% cleanup call option based on the percentage of the Initial Note Balance.
Key participants in the transaction include Regional Management Issuance Trust 2026-1 as the issuer, Regional Management Corp. as the seller and servicer, and Regional Management Receivables III, LLC as the depositor. BMO Capital Markets, J.P. Morgan, Wells Fargo Securities, and Regions Securities LLC are named as lead underwriters, while FHN Financial Securities Corp., Texas Capital Securities, and Banc of California serve as co-managers. EverBank N.A. is listed as an advisor.
Legal counsel for the issuer is Alston & Bird LLP, and Orrick, Herrington & Sutcliffe LLP represents the initial purchasers. The indenture trustee is Computershare Trust Company, N.A., and Wilmington Trust, N.A. serves as the owner trustee. Deloitte & Touche LLP is the accountant for the transaction.
