CPS Renews Senior Credit Facility

IRVINE, Calif. — Portfolio Services recently announced that it has renewed one of its $200 million senior revolving warehouse credit facilities for a year.

The company said it has $400 million in total senior warehouse capacity.

"We are pleased with the renewal of our credit line in this turbulent environment," explained Charles Bradley Jr., president and chief executive officer.

"With the renewal of our other senior line in September, we now have committed senior facilities until late 2008. Our access to the capital markets remains solid," he added.

TODAY'S TOP REMARKETING NEWS HEADLINES