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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Ares Agent Services Renews $200MM Revolving Credit Facility for Consumer Portfolio Services
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Lenders/Participants
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Ares Agent Services, L.P. [Lender]
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Structure
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Revolving Credit Facility Renewal
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Amount
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$200.000
Million
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Borrower(s)
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Consumer Portfolio Services
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Description
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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.
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Industry
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Lender Finance
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Location
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CA
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| Related Tags |
Ares Agent Services, Consumer Portfolio Services, Lender Finance, Non-bank Lender
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ABL Advisor
Deal Tables
2024
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