On July 9, 2026, Consumer Portfolio Services renewed its two-year revolving credit agreement with Citibank and a subordinate lender, increasing facility capacity from $335 million to $508 million. Loans under the agreement, secured by existing and future automobile receivables, may be drawn until July 17, 2028, then repaid or amortized over one year.
On July 9, 2026, Consumer Portfolio Services renewed its two-year revolving credit agreement with Citibank and a subordinate lender, raising the committed capacity from $335 million to $508 million to bolster funding flexibility.
The renewed facility allows revolving borrowings until July 17, 2028, with all loans secured by automobile receivables that CPS holds or will originate; following the revolving period, CPS may either repay outstanding amounts in full or permit a one-year amortization.
As a specialty finance company focusing on indirect auto financing for customers with limited or impaired credit, CPS funds retail installment contracts through securitizations; the expanded credit line underpins its strategy to grow its receivables portfolio and manage liquidity.
