CONSUMER PORTFOLIO SERVICES, INC. (CPSS): debt financing — CPS increases warehouse credit facility capacity from $167.5M to $390M with Capital One

CONSUMER PORTFOLIO SERVICES, INC.

Capacity raised to $390M (from $167.5M); borrow up to 95.5% of eligible pledged auto receivables.
Revolving credit facility runs through October 17, 2027, with optional 18-month amortization thereafter.
Loans bear floating interest rate based on SOFR plus a margin.
Proceeds will be used to acquire motor vehicle receivables from dealers on a revolving basis.
Amendment effective April 3, 2026; filing reported April 9, 2026.

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 revolving credit of $390 million with Capital One, N.A. at a margin above the secured overnight financing rate.

Instrument: revolving credit
Principal: $390 million
Counterparty: Capital One, N.A.
Rate: a margin above the secured overnight financing rate
Event: incurrence

Exact text from the filing

mended a revolving credit agreement (the "Credit Agreement") and related agreements with Capital One, N.A., and a Class B Lender (the “Lenders”), all of which have been in place since October 2025.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CONSUMER PORTFOLIO SERVICES, INC. amended Credit Agreement with Capital One, N.A., and a Class B Lender valued at up to a maximum of $390 million (effective 2026-04-03).

Action: amendment
Agreement: credit facility
Counterparty: Capital One, N.A., and a Class B Lender
Value: up to a maximum of $390 million
Effective: 2026-04-03

Exact text from the filing

On April 3, 2026, Consumer Portfolio Services, Inc. ("CPS" or the "Company") and its wholly-owned subsidiary Page Eleven Funding LLC (the “Borrower”) amended a revolving credit agreement (the "Credit Agreement") and related agreements with Capital One, N.A., and a Class B Lender (the “Lenders”), all of which have been in place since October 2025.

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CONSUMER PORTFOLIO SERVICES, INC. filing history →

Source: SEC EDGAR

accession 0001683168-26-002775

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