debt
confidence high
sentiment positive
materiality 0.55
CPS renews credit facility with Citibank, increases capacity to $508M
CONSUMER PORTFOLIO SERVICES, INC.
- Warehouse credit facility capacity increased from $335M to $508M.
- Revolving loans secured by auto receivables; funding termination date July 17, 2028.
- Citibank, N.A. acts as agent; borrowing up to 96% of eligible pledged receivables.
- Loans bear floating interest at a margin above SOFR.
- Facility renewed on July 9, 2026; replaces prior agreement from July 2024.