Regional Management amends loan agreement to grant security interest

By Marisa Wong

Morgantown, W.Va., May 26 – Regional Management Corp. amended its fifth amended and restated loan and security agreement dated Sept. 18, 2015 to grant a security interest in some of the borrowers’ deposit accounts to Bank of America, NA as collateral agent, according to an 8-K filing with the Securities and Exchange Commission.

The amendment, completed on May 23, also adds and modifies some definitions contained in the loan agreement that relate to transactions under the company’s credit agreement dated Dec. 11, 2015.

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

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