Ares Upsizes CPS Credit Facility to $200MM

Consumer Portfolio Services increased the capacity of its credit agreement with Ares Agent Services from $100 million to $200 million.

July 1, 2022 Ares Agent Services | Consumer Portfolio Services Rita Garwood

Ares Agent Services Renews $100MM Credit Facility with CPS

Consumer Portfolio Services renewed its two-year, $100 million revolving credit agreement with Ares Agent Services.

February 4, 2022 Ares Agent Services | Charles E. Bradley Jr. | Consumer Portfolio Services Ian Koplin

Wells Fargo Provides $175MM Senior Secured Credit Facility to Nicholas Financial

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. 

November 9, 2021 Ares Agent Services | Doug Marohn | Nicholas Financial | Wells Fargo Bank Rita Garwood

Ares Agents ABL Revolver Upsize for OnDeck Asset Funding

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.

February 15, 2017 Ares Agent Services | OnDeck Capital | OnDeck Funding | wells fargo ABF Journal

Fintech Lender OnDeck Establishes New ABL Division

Fintech lender OnDeck created a new ABL division with a $100 million facility agented by Ares Agent Services.

September 26, 2016 Ares Agent Services | OnDeck | wells fargo ABF Journal

Credit Suisse, Ares Provide $100MM Revolver to CPS

Consumer Portfolio Services has entered into a new two-year $100 million revolving credit agreement with Credit Suisse AG and Ares Agent Services.

December 1, 2015 Ares Agent Services | Consumer Portfolio Services | Credit Suisse ABF Journal