CPS Announces Upsizing of Existing Credit Facility to Fund Accelerating Loan Origination Volume
Key Highlights
- ➤Credit facility capacity rises from $390 million to $518 million
- ➤Total CPS credit capacity reaches $1.026 billion, exceeding $1 billion
- ➤Revolving borrowing remains available through October 17, 2027
- ➤CEO Charles E. Bradley said dealership demand is driving origination growth
Expert Statements
Charles E. Bradley, Chief Executive Officer of Consumer Portfolio Services, Inc.
“This increase in capacity directly supports the continued growth of our lending programs”
LAS VEGAS, Nevada, Oct. 13, 2026 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that on October 9, 2026, it amended its two-year revolving credit agreement with Capital One, N.A. to increase the capacity of the facility. The amendment applies to both Capital One, N.A. and the subordinate lender, and increases the total capacity of the facility from $390 million to $518 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 October 17, 2027, after which CPS will have the option to repay the outstanding loans in full or to allow them to amortize for an eighteen-month period.
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