Regional Management to repay mezzanine debt, senior revolver with proceeds from stock offering

By Marisa Wong

Madison, Wis., May 16 - Regional Management Corp. plans to repay outstanding mezzanine debt and borrowings under its senior revolving credit facility using proceeds from an offering of common stock, according to an S-1 filing with the Securities and Exchange Commission.

As of Dec. 31, the company had $25.8 million of outstanding mezzanine debt due Oct. 25, 2013 and $163.3 million principal amount outstanding under its senior revolving credit facility, which matures Aug. 25, 2013.

The consumer finance company is based in Greenville, S.C.

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