Consumer Portfolio Services Boosts Credit Facility Capacity to $390 Million
Consumer Portfolio Services raised its revolving credit facility to $390 million from $167.5 million by amending its two-year agreement with Capital One N.A. Auto receivables will secure loans drawn through October 17, 2027, after which the balance may be repaid in full or amortized over 18 months.
1. Credit Agreement Amendment
On April 3, 2026, Consumer Portfolio Services amended its two-year revolving credit agreement with Capital One N.A. and a subordinate lender, raising the facility capacity from $167.5 million to $390 million to support its automobile receivables financing.
2. Facility Terms and Security
Loans under the revised agreement remain secured by current and future auto receivables, can be revolved through October 17, 2027, and thereafter must be repaid in full or amortized over an eighteen-month period.