The expanded facility supports CPS's ability to originate and purchase more auto receivables, which could drive future securitization volume. Monitor upcoming quarterly filings for actual drawdown levels and portfolio performance to gauge utilization.
Price Chart
Executive Summary
Consumer Portfolio Services renewed its revolving warehouse credit facility with Citibank, N.A., increasing the borrowing capacity from $335 million to $508 million. The facility matures on July 17, 2028, with a potential one-year amortization period. This is a routine refinancing that expands CPS's funding capacity for its auto loan origination business.
Key Financial Metrics
Key Facts
- Warehouse credit facility capacity increased from $335 million to $508 million.
- Facility renewed on July 9, 2026, with a funding termination date of July 17, 2028.
- Agent and lender is Citibank, N.A.
- Loans are secured by automobile receivables; advance rate up to 96% of eligible pledged receivables.
- Interest rate is floating at a margin above the secured overnight financing rate (SOFR).
- Borrower is wholly-owned subsidiary Page Eight Funding LLC.
Financial Impact
Credit facility capacity increased by $173 million (from $335M to $508M), a 52% increase in available borrowing capacity.
Risk Factors
- Floating-rate exposure tied to SOFR could increase interest costs if rates rise.
- Advance rate depends on performance of receivables and future securitization terms — no assurance of full utilization.
- Defaults or poor portfolio performance could trigger early termination or acceleration of maturity.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001683168-26-005511 |
| Document: cps_ex9901.htm | 0001683168-26-005511 |
| Document: 0001683168-26-005511-index-headers.html | 0001683168-26-005511 |
| Document: 0001683168-26-005511-index.html | 0001683168-26-005511 |
| Document: 0001683168-26-005511.txt | 0001683168-26-005511 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $9.90 $9.30 | ▼ −6.06% | ▼ −6.77% | $9.35 (−5.56%) |
Oct 22, 2026 4d ago | Press Release | $9.90 $9.30 | ▼ −6.06% | ▼ −6.77% | $9.35 (−5.56%) |
Oct 22, 2026 5d ago | Press Release | $9.25 $9.90 | ▲ +7.03% | ▲ +7.55% | $9.35 (+1.08%) |
Oct 21, 2026 5d ago | 8-K | $9.25 $9.90 | ▲ +7.03% | ▲ +7.55% | $9.35 (+1.08%) |
Oct 19, 2026 8d ago | Court Ruling | $8.97 $8.97 | · 0.00% | ▼ −0.53% | $9.35 (+4.24%) |
Oct 13, 2026 13d ago | 8-K | $9.07 $9.17 | ▲ +1.10% | ▲ +0.82% | $9.35 (+3.09%) |
Sep 30, 2026 26d ago | DEF 14A | $9.33 $9.09 | ▼ −2.57% | ▼ −3.31% | $9.35 (+0.21%) |
Sep 3, 2026 7w ago | Insider Cluster | $8.81 $9.40 | ▼ −6.70% | ▼ −7.08% | $9.35 (−6.13%) |
Aug 21, 2026 9w ago | 8-K | $9.30 $9.16 | ▼ −1.51% | ▼ −1.21% | $9.35 (+0.54%) |
Aug 4, 2026 11w ago | Press Release | $9.18 $9.57 | ▲ +4.25% | ▲ +4.41% | $9.35 (+1.85%) |
US Market Status
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