Consumer Portfolio Services, Inc. Announces Credit Facility Capacity Increase
Consumer Portfolio Services, Inc. (CPS) and its subsidiary Page Eleven Funding LLC have amended their revolving credit agreement with Capital One, N.A. and a Class B Lender. The amendment, effective April 3, 2026, increases the facility capacity from $167.5 million to $390 million. Loans will continue to be secured by automobile receivables. The funding termination date is set for October 17, 2027, with potential earlier termination upon occurrence of defined events of default. Loans bear interest at a floating rate above the secured overnight financing rate. Affiliates of Capital One, N.A. have provided investment banking and advisory services to CPS. This report also incorporates information regarding the creation of a direct financial obligation under the credit facility, which was initially incurred on October 22, 2025.