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0 0 0 0.0113636363636363 0.00852272727272726 -0.000946969696969677 0.00189393939393935 0.00189393939393935
Stock impact report

CPS Announces Credit Facility Capacity Increase

Consumer Portfolio Services, Inc. (CPSS) 
Last consumer portfolio services, inc. earnings: 4/15 05:21 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.consumerportfolio.com/investor-relations
Company Research Source: GlobeNewswire
LAS VEGAS, Nevada, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that on December 16, 2024, it amended its two-year revolving credit agreement with Citibank, N.A to increase the capacity of the facility. The amendment also applies to the subordinate third party lender, which was announced last month. The amendment increases the capacity of this facility from $225 million to $335 million. Loans under the amended credit agreement will continue to be secured by automobile receivables that CPS now holds or will acquire from dealers in the future. CPS may borrow on a revolving basis through July 15, 2026, after which CPS will have the option to repay the outstanding loans in full or to allow them to amortize for a one-year period. About Consumer Portfolio Services, Inc. Consumer Portfolio Services, Inc. is an independent specialty finance company that provides indirect automobile financing to individuals wit Show less Read more
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