Consumer Portfolio Services, an independent specialty finance company that provides indirect automobile financing to individuals with past credit problems or limited credit histories, renewed its two-year, $200 million revolving credit agreement with Ares Agent Services.
Consumer Portfolio Services increased the capacity of its credit agreement with Ares Agent Services from $100 million to $200 million.
Consumer Portfolio Services renewed its two-year, $100 million revolving credit agreement with Ares Agent Services.
Nicholas Financial, a branch-based subprime automotive lender, entered into a senior secured credit facility with Wells Fargo Bank as agent. The facility provides for a line of credit of up to $175 million.
OnDeck Funding, a subsidiary of OnDeck Capital, amended its existing ABL revolver to increase its lenders’ commitment from $100 million to $150 million. Ares Agent Services served as administrative agent.
Fintech lender OnDeck created a new ABL division with a $100 million facility agented by Ares Agent Services.
Consumer Portfolio Services has entered into a new two-year $100 million revolving credit agreement with Credit Suisse AG and Ares Agent Services.