CPS Announces $514.07 Million Senior Subordinate Asset-Backed Securitization

CONSUMER PORTFOLIO SERVICES, INC. (CPSS) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 cps_ex9901.htm NEWS RELEASE RE EARNINGS. Exhibit 99.1 NEWS RELEASE CPS ANNOUNCES SECOND QUARTER 2026 EARNINGS § Revenues of $121.4 million compared to $109.8 million in the prior year period § Net income for the second quarter of 2026 increased 30% to $6.2 million § Tot

Consumer Portfolio Services (Nasdaq: CPSS) said it renewed its two-year revolving credit agreement with Citibank on July 9, 2026 and increased the facility’s capacity from $335 million to $508 million. The renewal covers Citibank and a subordinate lender, with borrowing through July 17, 2028, secured by automobile receivables.

Eaton (NYSE:ETN) said the U.S. Air Force Research Laboratory awarded it a $7 million, 24-month contract to use quantum computing, machine learning, and advanced visualization to improve power grid resilience and protection. The work, with Infleqtion and Penn State, targets detection and response to multiple concurrent physical and cyber threats, addressing NERC N-2 contingency requirements.

ExxonMobil Moçambique Limitada issued McDermott Energy Solutions (UK) a letter of intent for limited engineering and procurement work on Rovuma LNG Phase 1 midstream development. The award supports planning ahead of a final investment decision expected in 2026. Rovuma LNG targets 12 modular trains totaling 18.6 mtpa, with start-up in 2031. ExxonMobil says the 30-year project could generate about $150B in revenues for Mozambique’s government.

Serbia President Aleksandar Vucic said Serbia will open a joint UAV factory with Elbit Systems, with inauguration expected Sept 15-20. Elbit will hold 51% and Serbia’s state arms firm SDPR 49%. The factory relates to a five-year contract covering precision rockets and unmanned systems, plus ISTAR, digitization and upgrades.

The U.S. Department of Defense, according to The Washington Post, asked defense contractors to submit within 21 days production and delivery schedules for critical systems, citing depleted stockpiles. CSIS estimates cite heavy early use of missiles and falling Patriot and THAAD inventories. The Pentagon is working with Northrop Grumman and Lockheed Martin, including a $58.6B deal to triple PAC-3 output by 2030, pending a stalled $1.15T defense budget.