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Regional Management aims to price secondary sale of its common stock
Palladium Equity, Parallel 2005 Equity Fund sell 2.9 million shares
By Devika Patel
Knoxville, Tenn., Sept. 16 - Regional Management Corp. plans to price a secondary sale of stock with a 30-day greenshoe, according to an FWP filed Monday with the Securities and Exchange Commission.
The selling stockholders, Palladium Equity Partners III, LP and Parallel 2005 Equity Fund, LP, will sell 2.9 million common shares with an additional 435,000 shares allotted for the greenshoe.
Stephens Inc., Keefe, Bruyette & Woods, Inc., BMO Capital Markets Corp. and JMP Securities LLC are the joint bookrunning managers and FBR Capital Markets & Co. is the co-manager.
The consumer finance company is based in Greenville, S.C.
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