CONSUMER PORTFOLIO SERVICES, INC. (CPSS) Form 8-K — Oct 13, 2026
$CPSSForm 8-KItems 1.01, 2.03, 9.01Filed Oct 13, 2026, 4:40 PM ET0001683168-26-007809Original filing
Consumer Portfolio Services amended its two-year revolving warehouse credit agreement with Capital One, N.A. on October 9, 2026, increasing facility capacity from $390 million to $518 million. The facility is secured by automobile receivables, advances up to 95.5% of eligible receivables, and carries a floating rate tied to SOFR, with a funding termination date of October 17, 2027 followed by an optional 18-month amortization period.
Key figures
- Debt Amount
- $518 million maximum capacity (upsized from $390 million)
- Maturity Date
- Funding termination date October 17, 2027
- Advance rate
- up to 95.5% of eligible pledged receivables
- Rate benchmark
- floating rate: margin above SOFR
- Amortization period
- 18 months post-revolving period
- Total credit capacity
- $1.026 billion across all CPS facilities
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