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Consumer Portfolio Services Renews $200 Million Credit Facility With Ares Agent Services
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Consumer Portfolio Services Renews $200 Million Credit Facility With Ares Agent Services
Apr 1, 2024 2:05 PM

04:33 PM EDT, 04/01/2024 (MT Newswires) -- Consumer Portfolio Services ( CPSS ) said Monday it has renewed its two-year $200 million revolving credit agreement with Ares Agent Services, with the loans to be secured by its automobile receivables.

The company said it may borrow from the credit facility until March 31, 2026, and repay in full or amortize through March 31, 2028.

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