Regional Management Corp. Prices 3.48M Share Secondary Offering at $27.50/Share
GREENVILLE, S.C.--(BUSINESS WIRE)--
Regional Management Corp. (NYSE: RM), a diversified specialty consumer
finance company, announced Thursday that Palladium Equity Partners III,
L.P. and Parallel 2005 Equity Fund, LP, both existing stockholders of
the Company and affiliates of Palladium Equity Partners and Parallel
Investment Partners, have increased the size of the previously announced
underwritten public offering of 2,900,000 shares of the Company's common
stock to 3,480,000 shares and priced the offering at $27.50 per share.
Regional Management will not receive any proceeds from the offering, and
the total number of shares of its outstanding common stock will not
change as a result of the offering. The closing of the offering is
expected to occur on September 25, 2013, subject to satisfaction of
customary closing conditions.