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CPS Completes $234 Million Whole Loan Sale

11 June 1999

CPS Completes $234 Million Whole Loan Sale

    IRVINE, Calif.--June 10, 1999--Consumer Portfolio Services Inc. Thursday announced the completion of a $234 million whole loan sale to an affiliate of GE Capital Auto Financial Services.
    The transaction provided the company with capital to meet its immediate short-term liquidity needs.
    "We are very pleased to have completed this transaction," said Charles E. Bradley Jr., president and chief executive officer of Consumer Portfolio Services. "GE Capital has been a business partner since the company's inception and we look forward to working together in the future."