{"id":645607,"date":"2013-03-07T05:53:37","date_gmt":"2013-03-07T10:53:37","guid":{"rendered":"http:\/\/www.pehub.com\/?p=189872"},"modified":"2013-03-07T05:53:37","modified_gmt":"2013-03-07T10:53:37","slug":"cps-renews-credit-facility","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/645607","title":{"rendered":"CPS Renews Credit Facility"},"content":{"rendered":"

Consumer Portfolio Services<\/strong> has renewed its $100 million revolving credit facility with affiliates of Goldman, Sachs & Co<\/strong> and Fortress Investment Group<\/strong>. Under the amended terms, the facility will revolve during the first two years and will amortize during years three and four.<\/p>\n

PRESS RELEASE<\/strong><\/p>\n

Consumer Portfolio
\nServices, Inc. (Nasdaq:CPSS) (“CPS” or the “Company”) today announced
\nthat yesterday it renewed its $100 million revolving credit facility
\nwith affiliates of Goldman, Sachs & Co. and Fortress Investment Group.
\nUnder the amended terms, the facility will revolve during the first two
\nyears and will amortize during years three and four. Loans under the
\nfacility will be secured by automobile receivables that CPS now holds
\nor will purchase from dealers.<\/p>\n

“We are pleased to continue our relationship with Goldman, Sachs and
\nFortress, which we have built upon over the last four years,” said
\nCharles E. Bradley, Jr., President and Chief Executive Officer. “This
\ntransaction provides a multi-year funding commitment and an extended
\namortization period thereafter. These features improve our financial
\nflexibility across a variety of capital markets’ environments.”<\/p>\n

About Consumer Portfolio Services, Inc.<\/p>\n

Consumer Portfolio Services, Inc. is an independent specialty finance
\ncompany that provides indirect automobile financing to individuals with
\npast credit problems, low incomes or limited credit histories. We
\npurchase retail installment sales contracts primarily from franchised
\nautomobile dealerships secured by late model used vehicles and, to a
\nlesser extent, new vehicles. We fund these contract purchases on a
\nlong-term basis primarily through the securitization markets and
\nservice the contracts over their lives.<\/p>\n

CONTACT: Investor Relations Contact
\n Robert E. Riedl, Chief Investment Officer
\n 949 753-6800<\/p>\n

The post CPS Renews Credit Facility<\/a> appeared first on peHUB<\/a>.<\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Consumer Portfolio Services has renewed its $100 million revolving credit facility with affiliates of Goldman, Sachs & Co and Fortress Investment Group. Under the amended terms, the facility will revolve during the first two years and will amortize during years three and four. PRESS RELEASE Consumer Portfolio Services, Inc. (Nasdaq:CPSS) (“CPS” or the “Company”) today […]<\/p>\n","protected":false},"author":7476,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-645607","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/645607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7476"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=645607"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/645607\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=645607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=645607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=645607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}