{"id":980468,"date":"2026-07-09T16:26:14","date_gmt":"2026-07-09T20:26:14","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cps-announces-renewal-and-capacity-increase-of-credit-facility\/"},"modified":"2026-07-09T16:26:14","modified_gmt":"2026-07-09T20:26:14","slug":"cps-announces-renewal-and-capacity-increase-of-credit-facility","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cps-announces-renewal-and-capacity-increase-of-credit-facility\/","title":{"rendered":"CPS Announces Renewal And Capacity Increase Of Credit Facility"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">LAS VEGAS, July  09, 2026  (GLOBE NEWSWIRE) &#8212; Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (\u201cCPS\u201d or the \u201cCompany\u201d) today announced that on July 9, 2026, it renewed its two-year revolving credit agreement with Citibank, N.A. while simultaneously increasing the capacity of the facility. The renewal and increase apply to both Citibank, N.A. and the subordinate lender, and increases the capacity of the facility from $335 million to $508 million. \u00a0\u00a0<\/p>\n<p align=\"justify\">Loans under the renewed credit agreement will be secured by automobile receivables that CPS now holds or will originate in the future. CPS may borrow on a revolving basis through July 17, 2028, 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.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>About Consumer Portfolio Services, Inc.<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">Consumer Portfolio Services, Inc. is an independent specialty finance company that provides indirect automobile financing to individuals with past credit problems or limited credit histories. We purchase retail installment sales contracts primarily from franchised automobile dealerships secured by late model used vehicles and, to a lesser extent, new vehicles. We fund these contract purchases on a long-term basis through the securitization markets and service the contracts over their lives.<\/p>\n<p align=\"justify\">\n        <em>Forward-looking statements in this news release include the Company&#8217;s expectation that the revolving period will extend for two years, and that an amortization period may follow. The revolving credit agreement renewed on July 9, 2026, provides for both a revolving period and an amortization period to follow, but it is possible that the Company may suffer certain defaults or events of default that would terminate the revolving period or result in acceleration of maturity of the credit extended. In general, such defaults or events of default would result from losses that the Company might incur in the future. In turn, such losses might result from poor performance of receivables acquired or to be acquired by the Company, from increases in the rate of consumer bankruptcy filings, which could adversely affect the Company\u2019s rights to collect payments from its portfolio; from changes in government regulations affecting consumer credit; or from adverse economic conditions, either generally or in geographic areas in which the Company&#8217;s business is concentrated.<\/em>\n      <\/p>\n<p>\n        <strong><br \/>\n          <em>Investor Relations Contact<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p>Danny Bharwani, EVP\/ Chief Financial Officer<br \/>949-753-6811<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTc2MDA3OSM3Njk5ODc1IzIwMTc0NzM=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NGZjMmFkOTQtYzE4OC00ZTlmLTlmODMtYjkyZTZiM2MyYmIwLTEwMjkwNDYtMjAyNi0wNy0wOS1lbg==\/tiny\/Consumer-Portfolio-Services-In.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>LAS VEGAS, July 09, 2026 (GLOBE NEWSWIRE) &#8212; Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (\u201cCPS\u201d or the \u201cCompany\u201d) today announced that on July 9, 2026, it renewed its two-year revolving credit agreement with Citibank, N.A. while simultaneously increasing the capacity of the facility. The renewal and increase apply to both Citibank, N.A. and the subordinate lender, and increases the capacity of the facility from $335 million to $508 million. \u00a0\u00a0 Loans under the renewed credit agreement will be secured by automobile receivables that CPS now holds or will originate in the future. CPS may borrow on a revolving basis through July 17, 2028, after which CPS will have the option to repay the outstanding loans in full or to allow &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cps-announces-renewal-and-capacity-increase-of-credit-facility\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CPS Announces Renewal And Capacity Increase Of Credit Facility&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-980468","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CPS Announces Renewal And Capacity Increase Of Credit Facility - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cps-announces-renewal-and-capacity-increase-of-credit-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CPS Announces Renewal And Capacity Increase Of Credit Facility - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LAS VEGAS, July 09, 2026 (GLOBE NEWSWIRE) &#8212; Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (\u201cCPS\u201d or the \u201cCompany\u201d) today announced that on July 9, 2026, it renewed its two-year revolving credit agreement with Citibank, N.A. while simultaneously increasing the capacity of the facility. The renewal and increase apply to both Citibank, N.A. and the subordinate lender, and increases the capacity of the facility from $335 million to $508 million. \u00a0\u00a0 Loans under the renewed credit agreement will be secured by automobile receivables that CPS now holds or will originate in the future. CPS may borrow on a revolving basis through July 17, 2028, after which CPS will have the option to repay the outstanding loans in full or to allow &hellip; Continue reading &quot;CPS Announces Renewal And Capacity Increase Of Credit Facility&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/cps-announces-renewal-and-capacity-increase-of-credit-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-09T20:26:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTc2MDA3OSM3Njk5ODc1IzIwMTc0NzM=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cps-announces-renewal-and-capacity-increase-of-credit-facility\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cps-announces-renewal-and-capacity-increase-of-credit-facility\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"CPS Announces Renewal And Capacity Increase Of Credit Facility\",\"datePublished\":\"2026-07-09T20:26:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cps-announces-renewal-and-capacity-increase-of-credit-facility\\\/\"},\"wordCount\":378,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cps-announces-renewal-and-capacity-increase-of-credit-facility\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTc2MDA3OSM3Njk5ODc1IzIwMTc0NzM=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cps-announces-renewal-and-capacity-increase-of-credit-facility\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cps-announces-renewal-and-capacity-increase-of-credit-facility\\\/\",\"name\":\"CPS Announces Renewal And Capacity Increase Of Credit Facility - 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(Nasdaq: CPSS) (\u201cCPS\u201d or the \u201cCompany\u201d) today announced that on July 9, 2026, it renewed its two-year revolving credit agreement with Citibank, N.A. while simultaneously increasing the capacity of the facility. The renewal and increase apply to both Citibank, N.A. and the subordinate lender, and increases the capacity of the facility from $335 million to $508 million. \u00a0\u00a0 Loans under the renewed credit agreement will be secured by automobile receivables that CPS now holds or will originate in the future. 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