secwatch.observer — SEC 8-K summary
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Issuer:     CONSUMER PORTFOLIO SERVICES, INC. (CPSS)
CIK:        0000889609
Form:       8-K
Filed at:   2025-10-23T23:59:59+00:00
Accession:  0001683168-25-007745
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889609/000168316825007745/0001683168-25-007745-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889609/000168316825007745/cps_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-007745

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