IRVINE, Calif. — Consumer Portfolio Services recently
renewed its $100 million revolving credit facility with Citi.

Under the amended terms, CPS explained the facility will
revolve during the first two years and may amortize during the third year.

The company indicated loans under the facility will be
secured by automobile receivables that CPS now holds or will purchase from
dealers. 

"We are pleased to continue our long-term relationship with
Citi, which we have expanded over the last six years," said Charles Bradley,
Jr., president and chief executive officer of CPS.

"With this renewal, both of our credit facilities now contain
multi-year funding commitments and amortization periods thereafter," Bradley
continued. "This is an important milestone in enhancing our funding flexibility
and strengthening our balance sheet."

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