CPS Enters Material Definitive Agreement

TL;DR

CPS just signed a big deal, could be debt or something else. Keep an eye on it.

AI Summary

Consumer Portfolio Services, Inc. (CPS) entered into a material definitive agreement on October 17, 2025. This agreement constitutes a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. Specific details of the agreement, including dollar amounts and counterparties, are not fully disclosed in the provided text.

Why It Matters

This filing indicates a significant new financial commitment or arrangement for Consumer Portfolio Services, Inc., which could impact its financial obligations and future operations.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, suggesting potential financial risk or opportunity that requires further investigation.

Key Players & Entities

• CONSUMER PORTFOLIO SERVICES, INC. (company) — Registrant
• October 17, 2025 (date) — Date of earliest event reported
• 3800 Howard Hughes Pkwy , Suite 1400 , Las Vegas , NV 89169 (address) — Business and Mail Address

FAQ

Key Financial Figures

• $167.5 million — ing termination date up to a maximum of $167.5 million to be outstanding at any time. The amou
• $19.6 million — reference. CPS incurred approximately $19.6 million of indebtedness under the revolving cre

Filing Documents

• cps_8k.htm (8-K) — 26KB
• 0001683168-25-007745.txt ( ) — 192KB
• cpss-20251017.xsd (EX-101.SCH) — 3KB
• cpss-20251017_lab.xml (EX-101.LAB) — 34KB
• cpss-20251017_pre.xml (EX-101.PRE) — 22KB
• cps_8k_htm.xml (XML) — 4KB

01. Entry into a Material Definitive

Item 1.01. Entry into a Material Definitive Agreement. The information contained in Item 2.03 of this report is hereby incorporated by reference into this Item 1.01. On October 17, 2025, Consumer Portfolio Services, Inc. ("CPS" or the "Company") and its wholly-owned subsidiary Page Eleven Funding LLC (the "Borrower") entered into a two-year revolving credit agreement (the "Credit Agreement") and related agreements with Capital One, N.A. and a Class B lender, (the "Lenders"). Loans under the Credit Agreement are to be secured by automobile receivables that CPS now holds or may purchase in the future from dealers, which receivables CPS would then sell or contribute to the Borrower. Under the Credit Agreement, and subject to its terms and conditions, the Lenders have agreed to lend from time to time prior to the funding termination date up to a maximum of $167.5 million to be outstanding at any time. The amount that may be advanced under the Credit Agreement will be up to 95.5% of the principal amount of eligible pledged receivables. The funding termination date is October 18, 2027, or earlier upon the occurrence of defined funding termination events. The amounts outstanding could become due at an earlier date, if any of certain defined events of default were to occur. Class A loans under the Credit Agreement bear interest at a floating rate equal to one-month SOFR plus 2.75%, but in all events no less than 3% per year. Class B loans under the Credit Agreement bear an interest rate of 3.65% above the total interest rate on Class A loans.

03. Creation of a Direct Financial

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information provided in response to item 1.01 is incorporated herein by reference. CPS incurred approximately $19.6 million of indebtedness under the revolving credit facility on October 22, 2025. CPS intends to incur indebtedness from time to time as it purchases motor vehicle receivables from dealers. 2

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: October 23, 2025 By: /s/ Denesh Bharwani Denesh Bharwani Executive Vice President and Chief Financial Officer Signing on behalf of the registrant 3

View Full Filing

View this 8-K filing on SEC EDGAR