---
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"
generated_at: "2026-05-17T02:39:09.338904+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-007745
- JSON: https://secwatch.observer/filing/0001683168-25-007745.json
- Plain text: https://secwatch.observer/filing/0001683168-25-007745.txt

## Key facts
- Debt Financings
  CONSUMER PORTFOLIO SERVICES, INC. incurred credit facility of $19.6 million.
  - Instrument: credit facility
  - Principal: $19.6 million
  - Event: incurrence
  source text: CPS incurred approximately $19.6 million of indebtedness under the revolving credit facility on October 22, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/889609/000168316825007745/0001683168-25-007745-index.htm
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/889609/000168316825007745/0001683168-25-007745-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.