secwatch.observer — SEC 8-K summary
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Issuer:     CONSUMER PORTFOLIO SERVICES, INC. (CPSS)
CIK:        0000889609
Form:       8-K
Filed at:   2026-04-09T23:59:59+00:00
Accession:  0001683168-26-002775
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CPS increases warehouse credit facility capacity from $167.5M to $390M with Capital One
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889609/000168316826002775/0001683168-26-002775-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889609/000168316826002775/cps_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-002775

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