Consumer Portfolio Services increases credit facility to $518m

Consumer Portfolio Services (CPSS) increased its credit facility to $518M, with total capacity now $1.026B. The revolving credit agreement, led by Capital One, extends to 2027 with an 18-month amortization option. The company expects the increase to support rising origination volumes in its subprime auto lending business.

CONSUMER PORTFOLIO SERVICES, INC. (CPSS) filed an SEC Form 8-K — Results of Operations and Financial Condition. 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 § Total portfolio balance eclipsed $4 billion, finishing

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.

Cipher Digital (CIFR) shares fell 12% after announcing an $850 million zero-coupon convertible note offering due 2032, with an option for $150 million more. The company plans to exchange part of its 1.75% 2030 notes for stock, adding to a 75% increase in diluted shares since 2021. Proceeds will partly fund capped calls to reduce dilution and support a $750 million equity investment in an AI lab project.

Kenvue (KVUE) amended its indenture on October 9, 2026, eliminating restrictive covenants and certain default events for its senior notes. The changes, effective upon settlement of Kimberly-Clark's exchange offers, aim to facilitate the acquisition. GuruFocus estimates KVUE's fair value at $20.01, with a GF Score of 75/100.

Micron Technology (MU) announced a $35.16 billion stock buyback program, including $2.16 billion from a prior authorization and 100% of adjusted free cash flow from the quarter ended Sept. 3. The buybacks may begin on Dec. 9. Micron's stock has risen over 240% this year but faces pressure from Chinese competition. Management believes current cash flow supports both growth and shareholder returns, though cyclical industry risks remain.