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Ares Agent Services Renews $200MM Revolving Credit Facility for Consumer Portfolio Services
Tuesday, April 2, 2024

Lenders/Participants Ares Agent Services, L.P. [Lender]
Structure Revolving Credit Facility Renewal
Amount $200.000 Million
Borrower(s) Consumer Portfolio Services
Description Renewed its two-year revolving credit agreement. Loans under the renewed credit agreement will be secured by automobile receivables that CPS now holds, will originate directly, or will purchase from dealers in the future. CPS may borrow on a revolving basis through March 31, 2026, after which CPS will have the option to repay the outstanding loans in full or to allow them to amortize through March 31, 2028.
Industry Lender Finance
Location CA
Related Tags Ares Agent Services, Consumer Portfolio Services, Lender Finance, Non-bank Lender

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