CPSS Secures $100M Credit Facility

TL;DR

CPSS just got a $100M credit line backed by auto loans to fund operations.

AI Summary

Consumer Portfolio Services, Inc. (CPSS) reported on June 21, 2024, that it has entered into a new credit facility. This facility provides for borrowings of up to $100 million and is secured by a pool of the company's automobile loan receivables. The company intends to use the proceeds from this facility to fund its ongoing operations and for general corporate purposes.

Why It Matters

This new credit facility provides Consumer Portfolio Services with additional liquidity, which can support its growth initiatives and operational needs.

Risk Assessment

Risk Level: medium — The company is leveraging its loan receivables, which introduces financial risk if those receivables perform poorly.

Key Numbers

• $100.0M — Credit Facility (Provides additional funding capacity for operations.)

Key Players & Entities

• CONSUMER PORTFOLIO SERVICES, INC. (company) — Registrant
• CPSS (company) — Trading Symbol
• $100 million (dollar_amount) — Credit Facility Amount
• June 21, 2024 (date) — Report Date

FAQ

Filing Documents

• cps_8k.htm (8-K) — 24KB
• cps_ex9901.htm (EX-99.1) — 29KB
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• 0001683168-24-004400.txt ( ) — 18648KB
• cpss-20240621.xsd (EX-101.SCH) — 3KB
• cpss-20240621_lab.xml (EX-101.LAB) — 34KB
• cpss-20240621_pre.xml (EX-101.PRE) — 22KB
• cps_8k_htm.xml (XML) — 4KB

01 REGULATION FD DISCLOSURE

ITEM 7.01 REGULATION FD DISCLOSURE. We are today making available one presentation consisting of 21 slides. A copy is attached as an exhibit. Although the exhibit is an update of similar presentations made available from time to time as an exhibit to a report on Form 8-K, we are not undertaking to update further any of the information that is contained in the attached presentation. The same presentation furnished as an exhibit to this report will be made available on our website, at this address: http://ir.consumerportfolio.com/events-and-presentations/presentations We routinely post important information, including news releases and reports to the U.S. Securities and Exchange Commission, on our website. The information furnished in this report shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

01. FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. Neither financial statements nor pro forma financial information are filed with this report. (d) Exhibits One exhibit is attached: 99.1 Company Summary as of March 31, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. CONSUMER PORTFOLIO SERVICES, INC. Dated: June 21, 2024 By: /s/ Denesh Bharwani Denesh Bharwani Executive Vice President Signing on behalf of the registrant 2

View Full Filing

View this 8-K filing on SEC EDGAR