debt
confidence high
sentiment positive
materiality 0.55
CPS increases warehouse credit facility from $225M to $335M with Citibank, N.A.
CONSUMER PORTFOLIO SERVICES, INC.
- Revolving credit facility capacity increased from $225 million to $335 million.
- Funding termination date extended to July 15, 2026; one-year amortization option after maturity.
- Closing fee of approximately $880,000 paid to Citibank, N.A. as agent.
- Loans secured by automobile receivables acquired from dealers; proceeds used to fund future acquisitions.