CPS upsizes credit facility to $518 million, lifting total capacity to $1.026 billion
Consumer Portfolio Services amended its revolving warehouse credit agreement on October 9, 2026, raising the maximum amount outstanding at any time from $390 million to $518 million. The company says the larger facility supports growth in its auto lending programs and that total credit capacity across its facilities is now $1.026 billion, the first time it has exceeded $1 billion.
Key points
- Maximum outstanding capacity increased from $390 million to $518 million under the amended Credit Agreement with Capital One, N.A. and a Class B Lender
- Total credit capacity across CPS facilities is $1.026 billion
- Revolving borrowing available through October 17, 2027, followed by an option to repay in full or amortize over eighteen months
- Loans bear interest at a floating rate set as a margin above the secured overnight financing rate and are secured by auto receivables
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 13, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.