secwatch.observer — SEC 8-K summary
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Issuer:     CONSUMER PORTFOLIO SERVICES, INC. (CPSS)
CIK:        0000889609
Form:       8-K
Filed at:   2024-07-12T23:59:59+00:00
Accession:  0001683168-24-004789
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CPS renews $200M revolving credit facility with Citibank through July 2026
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- Revolving credit agreement with Citibank, N.A. renewed on July 11, 2024; maximum borrowing $200M at any time.
- Loans secured by automobile receivables; funding termination date is July 15, 2026, with optional one-year amortization.
- Interest at a floating rate set as a margin above SOFR; CPS paid an approximately $2M closing fee.
- Facility has been in place since May 2012 and was most recently renewed in July 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889609/000168316824004789/0001683168-24-004789-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889609/000168316824004789/cps_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-004789

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