Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 1405

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 1405
---
,  
    December 31, 

    2024  
    2023 

    Subordinate Lender 
      
    (In thousands) 
  
    Description 
    Interest Rate 
    Interest Rate 
    Maturity 

    Warehouse line of
                                             credit 
    2.85% over CP yield rate (Minimum 3.60%) 7.52% and 8.58% at December 31, 2024 and December 31 2023, respectively 
    6.40% over SOFR yield rate (Minimum 7.15%) 11.09% at December 31, 2024 
    July 2026 
    $269,602  
    $165,628 

    Warehouse line of
                                 credit 
    4.50% over a commercial paper rate (Minimum 7.50%) 8.90% and 9.63% at December 31 2024, and December 31 2023, respectively 
      
    March 2026 
     145,597  
     68,997 

    Residual interest
                                 financing 
    7.86% 
      
    June 2026 
     50,000  
     50,000 

    Residual interest
                                 financing 
    11.50% 
      
    March 2029 
     50,000  
     – 

    Subordinated renewable
                                                      notes 
    Weighted average rate of 9.24% and 8.45% at December 31, 2024 and December 31, 2023, respectively 
      
    Weighted average maturity of December 2026 and February 2026 at
                                              December 31, 2024 and December 31, 2023, respectively 
     26,489  
     17,188 

    $541,688  
    $301,813 

     F-22 

CONSUMER PORTFOLIO SERVICES, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Debt issuance costs of $4.3
million and $599,000 as of December 31, 2024 and December 31, 2023, respectively, have been excluded from the table above. These debt
issuance costs are presented