Core Points - Consumer Portfolio Services, Inc. (CPS) announced the closing of a new two-year revolving credit agreement on October 17, 2025 [1] - The loans under this credit agreement will be secured by automobile receivables that CPS currently holds or will acquire from dealers in the future [2] - The credit facility includes a subordinate lender, which will provide a higher effective advance rate for the facility [2] - CPS can borrow on a revolving basis until October 2027, after which it has the option to either repay the outstanding loans in full or allow them to amortize over an 18-month period [2] - CPS is an independent specialty finance company that provides indirect automobile financing to individuals with past credit issues or limited credit histories [3] - The company primarily purchases retail installment sales contracts from franchised automobile dealerships, secured by late model used vehicles and, to a lesser extent, new vehicles [3] - CPS funds these contract purchases through the securitization markets and services the contracts throughout their duration [3]