Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 146

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1
Chunk 146
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 any bankruptcy filing by its parent or affiliates. All of the assets of these subsidiaries
have been pledged as collateral for the related debt. All such transactions, treated as secured financings for accounting and tax purposes,
are treated as sales for all other purposes, including legal and bankruptcy purposes. None of the assets of these subsidiaries are available
to pay any of our other creditors.

     F-21 

CONSUMER PORTFOLIO SERVICES, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(6) Debt

The terms of our debt outstanding at December
31, 2024 and 2023 are summarized below:

     Schedule of debt outstanding 

    Amount Outstanding at 

    December 31,  
    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