{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-25-007745","form_type":"8-K","ticker":"CPSS","cik":"0000889609","company_name":"CONSUMER PORTFOLIO SERVICES, INC.","filed_at":"2025-10-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.503850+00:00","generated_at":"2026-05-17T02:39:09.338904+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"CPS enters $167.5M auto-receivables revolver with Capital One; draws $19.6M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-25-007745","json":"https://secwatch.observer/filing/0001683168-25-007745.json","markdown":"https://secwatch.observer/filing/0001683168-25-007745.md","text":"https://secwatch.observer/filing/0001683168-25-007745.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/889609/000168316825007745/0001683168-25-007745-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/889609/000168316825007745/cps_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T02:39:09.338904+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"39bc5382168cf8ef78fa8b50279af496f929574f","claim":"CONSUMER PORTFOLIO SERVICES, INC. incurred credit facility of $19.6 million.","evidence_excerpt":"CPS incurred approximately $19.6 million of indebtedness under the revolving credit facility on October 22, 2025.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/889609/000168316825007745/0001683168-25-007745-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$19.6 million"},{"label":"Event","value":"incurrence"}]},{"claim_id":"85fc010d6edcc8e0b960ff6ced44a157c7648ea3","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/889609/000168316825007745/0001683168-25-007745-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$167.5 million"},{"label":"Counterparty","value":"Capital One, N.A. and a Class B lender"},{"label":"Rate","value":"one-month SOFR plus 2.75%, but in all events no less than 3% per year"},{"label":"Maturity","value":"October 18, 2027"},{"label":"Event","value":"incurrence"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}