CPS Announces Closing of $167.5 Million Credit Facility
Consumer Portfolio Services (Nasdaq: CPSS) closed a $167.5 million two-year revolving credit facility on October 17, 2025. Loans under the agreement are secured by automobile receivables CPS holds or will acquire from dealers, and the facility includes a subordinate lender that provides a higher effective advance rate.
CPS may borrow on a revolving basis through October 2027, after which it can repay outstanding loans in full or allow them to amortize over an 18-month period. The company warned that defaults or events of default could terminate the revolving period or accelerate maturity, citing potential losses from receivables performance, higher consumer bankruptcies, regulatory changes, or adverse economic conditions.
Consumer Portfolio Services (Nasdaq: CPSS) ha chiuso una facilità di credito rinnovabile di 167,5 milioni di dollari a due anni il 17 ottobre 2025. I prestiti previsti dall'accordo sono garantiti da conti automobilistici che CPS detiene o acquisirà dai concessionari, e la struttura comprende un creditore subordinato che offre un tasso di anticipo effettivo più elevato.
CPS può prendere in prestito in modo rinnovabile fino al 2027 ottobre, dopodiché può rimborsare integralmente i prestiti in essere o consentire che si ammortizzino nel corso di 18 mesi. L'azienda ha avvertito che inadempienze o eventi di inadempienza potrebbero terminare il periodo rinnovabile o accelerare la scadenza, citando potenziali perdite derivanti dalla performance dei crediti, un aumento dei fallimenti dei consumatori, cambiamenti regolamentari o condizioni economiche avverse.
Consumer Portfolio Services (Nasdaq: CPSS) cerró una línea de crédito renovable de 167,5 millones de dólares a dos años el 17 de octubre de 2025. Los préstamos bajo el acuerdo están garantizados por cuentas por cobrar de automóviles que CPS posee o adquirirá de los concesionarios, y la instalación incluye un prestamista subordinado que ofrece una mayor tasa de avance efectiva.
PS puede tomar dinero de forma revolvente hasta el octubre de 2027, después de lo cual puede pagar por completo los préstamos vigentes o permitir que estos se amorticen durante un periodo de 18 meses. La empresa advirtió que incumplimientos o eventos de incumplimiento podrían terminar el periodo revolvente o acelerar el vencimiento, citando posibles pérdidas por el rendimiento de las cuentas por cobrar, un aumento de la bancarrota de los consumidores, cambios regulatorios o condiciones económicas adversas.
Consumer Portfolio Services (Nasdaq: CPSS)는 167.5백만 달러 규모의 2년 회전 신용한도를 2025년 10월 17일에 체결했습니다. 계약하에 대출은 CPS가 보유하거나 딜러로부터 취득할 자동차 채권으로 담보되며, 이 시설에는 더 높은 유효 선지급 비율을 제공하는 차순위 대주가 포함됩니다.
CPS는 2027년 10월까지 회전 방식으로 차입할 수 있으며, 이후 남아 있는 대출을 전액 상환하거나 18개월 동안 상환할 수 있도록 허용할 수 있습니다. 회사는 연체나 기본 상황이 발생하면 회전 기간이 종료되거나 만기가 빨라질 수 있으며, 채권 상환 성과, 소비자 파산 증가, 규제 변경 또는 악화된 경제 상황으로 인한 손실 가능성을 지적했습니다.
Consumer Portfolio Services (Nasdaq: CPSS) a clôturé une facilité de crédit renouvelable de 167,5 millions de dollars sur deux ans le 17 octobre 2025. Les prêts prévus par l’accord sont garantis par des créances automobiles que CPS détient ou qu’elle acquerra auprès des concessionnaires, et la facilité comporte un prêteur subordonné qui offre un taux d’avance effectif plus élevé.
La CPS peut emprunter sur une base renouvelable jusqu’au octobre 2027, après quoi elle peut rembourser intégralement les prêts en cours ou les laisser s’amortir sur une période de 18 mois. L’entreprise a averti que des défauts ou des événements de défaut pourraient mettre fin à la période renouvelable ou accélérer l’échéance, en citant d’éventuelles pertes liées à la performance des créances, à une augmentation des faillites de consommateurs, à des changements réglementaires ou à des conditions économiques adverses.
Consumer Portfolio Services (Nasdaq: CPSS) hat eine revolvierende Kreditfazilität in Höhe von 167,5 Mio. USD über zwei Jahre am 17. Oktober 2025 abgeschlossen. Darlehen aus dem Abkommen sind durch Auto-Forderungen gesichert, die CPS hält oder von Händlern erwerben wird, und die Fazilität umfasst einen nachrangigen Gläubiger, der einen höheren effektiven Vorschussatz bietet.
CPS kann bis zum Oktober 2027 revolvierend aufnehmen, danach kann sie ausstehende Darlehen ganz zurückzahlen oder sie über einen Zeitraum von 18 Monaten amortisieren. Das Unternehmen warnte, dass Ausfälle oder Ereignisse eines Ausfalls das revolvierende Kreditlimit beenden oder die Fälligkeit beschleunigen könnten, und verwies auf potenzielle Verluste durch die Performance der Forderungen, eine steigende Verbraucherinsolvenz, regulatorische Änderungen oder ungünstige wirtschaftliche Bedingungen.
Consumer Portfolio Services (ناسداك: CPSS) قد أغلقت مرفق ائتماني دوّار بقيمة 167.5 مليون دولار لمدة سنتين في 17 أكتوبر 2025. القروض بموجب الاتفاق مضمونة من خلال حسابات استحقاق سيارات تلازم CPS أو ستُكتسب من قبل الوكلاء، ويتضمن المنشأ تسهيلات مقرضًا فرعيًا يقدم معدل تقدم فعال أعلى.
يمكن لـ CPS الاقتراض بشكل دوّار حتى أكتوبر 2027، وبعدها يمكنها سداد القروض المعلقة بالكامل أو السماح لها بالاستحقاق خلال فترة 18 شهرًا. حذّرت الشركة من أن التعثرات أو أحداث التعثر قد terminate الفترة الدوّارة أو تسرّع الاستحقاق، مع الإشارة إلى احتمال وقوع خسائر من أداء المستحقات، وارتفاع حالات الإفلاس الاستهلاكية، أو تغييرات تنظيمية، أو ظروف اقتصادية سلبية.
Consumer Portfolio Services (纳斯达克股票代码: CPSS) 于 2025年10月17日完成一项金额为 1.675亿美元 的为期两年的循环信贷设施。根据协议，贷款由 CPS 持有或将从经销商处获得的汽车应收账款提供担保，该设施还包括一个提供更高有效垫资率的次级放款人。
CPS 可在 2027年10月 前按循环方式借款，之后可选择将未偿还的贷款全额偿还，或让其在 18 个月 内摊销。公司警告称，违约或事件性违约可能终止循环期或加速到期，原因包括应收账款表现、消费者破产增多、监管变化或不利经济环境等潜在损失。
- $167.5M revolving credit facility closed
- Facility secured by automobile receivables held or acquired
- Subordinate lender provides a higher effective advance rate
- Revolving borrowing available through Oct 2027
- Revolving period may terminate on certain defaults or events of default
- Outstanding loans could accelerate or require amortization over 18 months
- Company exposed to losses from poor receivables performance
- Risk from increased consumer bankruptcy filings, regulatory changes, or adverse economic conditions
Insights
New two-year secured revolving facility of
The facility is backed by the company's automobile receivables and includes a subordinate lender that raises the effective advance rate, giving the company greater borrowing capacity against its portfolio. The agreement allows revolver borrowing through
Key dependencies include the credit quality and performance of acquired receivables, consumer bankruptcy trends, and compliance with any facility covenants that could trigger early termination or acceleration. Concrete items to watch are portfolio charge-off and delinquency rates, any covenant tests tied to receivable performance, and whether the company uses the full capacity during the
LAS VEGAS, Nevada, Oct. 23, 2025 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that on October 17, 2025, it closed a new two-year revolving credit agreement.
Loans under the credit agreement will be secured by automobile receivables that CPS now holds or will purchase from dealers in the future. The credit facility includes a subordinate lender that will provide a higher effective advance rate for the facility. CPS may borrow on a revolving basis through October 2027, after which CPS will have the option to repay the outstanding loans in full or to allow them to amortize for an 18-month period.
About Consumer Portfolio Services, Inc.
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.
Forward-looking statements in this news release include the Company's expectation that the revolving period will extend for two years, and that an amortization period may follow. The revolving credit agreement closed on October 17, 2025, 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’s 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's business is concentrated.
Investor Relations Contact
Danny Bharwani, EVP/ Chief Financial Officer
949-753-6811
FAQ
What did CPSS announce on October 17, 2025 regarding financing?
How long can CPSS borrow under the new credit facility (CPSS)?
What collateral secures CPSS’s new $167.5M credit facility?
What role does the subordinate lender play in CPSS’s credit agreement?
What risks did CPSS identify that could end the revolving period?
