CPS Renews Credit Agreement Featured

By Staff Writer October 02, 2018

Consumer Portfolio Services Inc. announced that it renewed its two-year revolving credit agreement with Citibank N.A.

Financing under the renewed credit agreement will be secured by automobile receivables that CPS now holds, will originate directly, or will purchase from dealers in the future. CPS may borrow on a revolving basis through Sept. 21, 2020, after which CPS will have the option to repay the outstanding loans in full or to allow them to amortize for a one-year period.

Last modified on Tuesday, 02 October 2018 21:01

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