Consumer Portfolio Services Announces $25 million Credit Facility

Published on January 17, 2007 at 9:45 am

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Consumer Portfolio Services, Inc. today announced that it has amended and restated one of its $200 million revolving warehouse credit facilities. The terms of the amendment and restatement allow for a maximum additional principal amount of $25 million to be borrowed, represented by subordinated variable funding notes payable to two additional lenders, and an increase in the maximum advance rate from 83% to 93%.