Regional Management Corp. and its subsidiary, Regional Management Receivables II LLC, has amended a credit agreement.
The amended credit agreement decreases the total commitment of the Credit Suisse lender group by $25 million.
The amended credit agreement also provides for a revolving $125 million warehouse facility, which is expandable to $150 million. The amendment has extended the scheduled commitment termination date to Feb. 28, 2020, from Dec. 19.
Wells Fargo Bank NA acted as administrative agent. Credit Suisse AG, New York Branch, acted as structuring and syndication agent.