Regional Management Corp. RM, a diversified specialty consumer
finance company, announced today the closing of a secondary offering of
its common stock, at a price of $27.50 per share, by 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. The total number of shares of common
stock sold was 4,002,000, which includes 522,000 shares of common stock
sold pursuant to the exercise of the underwriters' over-allotment
option. Regional Management did not receive any proceeds from the
offering, and the total number of shares of its outstanding common stock
did not change as a result of the offering.
See full press release
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