secwatch.observer — SEC 8-K summary
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Issuer:     CONSUMER PORTFOLIO SERVICES, INC. (CPSS)
CIK:        0000889609
Form:       8-K
Filed at:   2024-12-20T23:59:59+00:00
Accession:  0001683168-24-008876
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CPS increases warehouse credit facility from $225M to $335M with Citibank, N.A.
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889609/000168316824008876/0001683168-24-008876-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889609/000168316824008876/cps_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-008876

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer