Consumer Portfolio Services, Inc. announced that on July 11, 2024, it renewed $200 Million of its two-year revolving credit agreement with Citibank, N.A. Loans under the renewed credit agreement will be secured by automobile receivables that CPS now holds or will purchase 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.
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07-11 | Consumer Portfolio Services Renews $200 Million Credit Facility With Citibank | MT |
07-11 | Consumer Portfolio Services, Inc. Announces Renewal of $200 Million Credit Facility | CI |
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