Consumer Portfolio Services renews two-year $200 million revolver

By Wendy Van Sickle

Columbus, Ohio, April 1 – Consumer Portfolio Services, Inc. renewed its two-year $200 million revolving credit agreement with Ares Agent Services, LP, according to a press release on Monday.

Loans under the renewed credit agreement will be secured by automobile receivables that the company now holds, will originate directly, or will purchase from dealers in the future. Consumer Portfolio Services may borrow on a revolving basis through March 31, 2026, after which it will have the option to repay the outstanding loans in full or to allow them to amortize through March 31, 2028.

Consumer Portfolio Services is an Irvine, Calif.-based specialty finance company that provides indirect automobile financing to individuals with past credit problems, low incomes or limited credit histories.

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