---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-002117"
form_type: "8-K"
ticker: "CPSS"
cik: "0000889609"
company_name: "CONSUMER PORTFOLIO SERVICES, INC."
filed_at: "2024-04-04T23:59:59+00:00"
generated_at: "2026-06-04T02:39:08.523976+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# CPS renews $200M revolving credit facility with Ares Agent Services through 2026

## Summary
- Credit agreement renewed March 29, 2024; maximum $200 million outstanding at any time.
- Loans secured by auto receivables; advance rate up to 88% of eligible pledged receivables.
- Borrowing available through March 31, 2026; amortization option extends to March 31, 2028.
- Floating interest rate based on SOFR plus margin; $2 million closing fee paid by CPS.
- Facility originally from November 2015; no change in agent (Ares Agent Services, L.P.).

## SEC filing metadata
- accession: 0001683168-24-002117
- form_type: 8-K
- ticker: CPSS
- cik: 0000889609
- company_name: CONSUMER PORTFOLIO SERVICES, INC.
- filed_at: 2024-04-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/889609/000168316824002117/0001683168-24-002117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/889609/000168316824002117/cps_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-002117
- JSON: https://secwatch.observer/filing/0001683168-24-002117.json
- Plain text: https://secwatch.observer/filing/0001683168-24-002117.txt

## Key facts
- Material Agreements
  CONSUMER PORTFOLIO SERVICES, INC. amended Credit Agreement with subsidiary of Ares Management LLC valued at $200 million (effective 2024-03-29).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: subsidiary of Ares Management LLC
  - Value: $200 million
  - Effective: 2024-03-29
  source text: On March 29, 2024, Consumer Portfolio Services, Inc. (“CPS” or the “Company”) and its wholly-owned subsidiary Page Nine Funding LLC (the “Borrower”) renewed a revolving credit agreement (the "Credit Agreement")
  evidence_url: https://www.sec.gov/Archives/edgar/data/889609/000168316824002117/0001683168-24-002117-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.