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Financial ServicesMichiganMerger
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CPS Amends Capital One Revolver to $390M
Announced
Financial ServicesNevadaOther
Deal Overview
Consumer Portfolio Services, Inc. amended its two-year revolving credit agreement with Capital One, N.A. on April 3, 2026 to increase credit capacity. The amendment applies to both Capital One and a subordinate lender.
The facility capacity increased from $167.5 million to $390 million. CPS can borrow on a revolving basis through October 17, 2027, then may repay outstanding loans in full or allow amortization for an eighteen-month period. Loans remain secured by automobile receivables CPS holds or will acquire from dealers in the future.
Key Details
- Target
- Consumer Portfolio Services
- Deal Size
- Over $100M
- Reported Value
- $390 million
Filed under
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