|
|
News Breaks
|
December 31, 2010
|
| 05:45 EDT |  | CPSS |
| theflyonthewall.com: | Consumer Portfolio Services announces two financings | | Consumer Portfolio Services announced that on Dec. 23 it closed a follow-on senior secured financing with an affiliate of Levine Leichtman Capital Partners, or LLCP. CPS received $20M in incremental debt capital. LLCP also received in the transaction common and convertible preferred shares equivalent in the aggregate to 2.75M common shares. The company also announced that it simultaneously entered into a $100M two-year warehouse credit line with affiliates of Goldman, Sachs & Co.(GS) and Fortress Investment Group (FIG). Loans under the facility will be secured by automobile receivables that CPS now holds or will purchase from dealers. Charles E. Bradley, Jr., President and CEO commented: "These transactions provide additional liquidity to continue the growth plan we have discussed in recent quarters. In addition, they should facilitate our return as a regular issuer in the term securitization market." :theflyonthewall.com |
|
|
News For CPSS From The Last 14 Days Check below for free stories on CPSS the last two weeks.
There is 1 item on the Fly with pertinent information.
Sign up for a free trial to see the rest of the stories you've been missing. |
|
May 14, 2012
|
| 08:39 EDT | | CPSS |
|
|
|
|
|
Subscribe for More Information