Consumer Portfolio Services Secures Long-Term $200 Million Credit Facility with Citibank, N.A.

Thursday, 11 July 2024, 20:53

Consumer Portfolio Services has successfully renewed a $200 million credit facility with Citibank, N.A., backed by automobile receivables. The agreement extends until 2026, ensuring long-term financial stability. This move demonstrates CPS's commitment to strategic financing and strengthens its position in the market.

LivaRava Finance Meta Image — Consumer Portfolio Services Secures Long-Term $200 Million Credit Facility with Citibank, N.A.

Consumer Portfolio Services Renews $200 Million Credit Facility

Consumer Portfolio Services has secured a long-term $200 million credit facility with Citibank, N.A.

Key Points:

Renewal: CPS successfully renews agreement with Citibank, N.A.
Duration: Credit facility extended through 2026.
Collateral: Secured by automobile receivables.

Renewed facility enhances CPS's financial stability and market position.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.