CPS enters $167.5M auto-receivables revolver with Capital One; draws $19.6M

CONSUMER PORTFOLIO SERVICES, INC.

Two-year facility via subsidiary Page Eleven Funding LLC; secured by auto receivables.
Maximum $167.5M outstanding; Class A loans at SOFR+2.75% (floor 3%), Class B at +3.65%.
Funding termination date Oct 18, 2027; $19.6M drawn on Oct 22, 2025.
Proceeds used to purchase motor vehicle receivables from dealers.

item 1.01 item 2.03

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CONSUMER PORTFOLIO SERVICES, INC. incurred credit facility of $19.6 million.

Instrument: credit facility
Principal: $19.6 million
Event: incurrence

Exact text from the filing

CPS incurred approximately $19.6 million of indebtedness under the revolving credit facility on October 22, 2025.

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CONSUMER PORTFOLIO SERVICES, INC. incurred revolving credit of $167.5 million with Capital One, N.A. and a Class B lender at one-month SOFR plus 2.75%, but in all events no less than 3% per year maturing October 18, 2027.

Instrument: revolving credit
Principal: $167.5 million
Counterparty: Capital One, N.A. and a Class B lender
Rate: one-month SOFR plus 2.75%, but in all events no less than 3% per year
Maturity: October 18, 2027
Event: incurrence

Exact text from the filing

Under the Credit Agreement, and subject to its terms and conditions, the Lenders have agreed to lend from time to time prior to the funding termination date up to a maximum of $167.5 million to be outstanding at any time. The amount that may be advanced under the Credit Agreement will be up to 95.5% of the principal amount of eligible pledged receivables. The

View on SEC.gov

306 debt financings filed in the last 30 days. Browse all debt financings →

CONSUMER PORTFOLIO SERVICES, INC. filing history →

Source: SEC EDGAR

accession 0001683168-25-007745

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.