UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) May 25, 2006
CONSUMER PORTFOLIO SERVICES, INC.
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(Exact Name of Registrant as Specified in Charter)
CALIFORNIA 001-14116 33-0459135
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
16355 Laguna Canyon Road, Irvine, CA 92618
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (949) 753-6800
Not Applicable
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On May 26, 2006, the registrant, Consumer Portfolio Services, Inc. ("CPS") and
Levine Leichtman Capital Partners, L.P. ("Lender") amended certain agreements
governing outstanding debt issued by CPS and held by Lender. The material terms
of the amendment are (i) to extend the maturity date of $25 million of the total
of $40 million outstanding, and (ii) to require payment of extension fees in the
amount of $500,000. The following table sets forth the principal amount of each
piece of such debt as of May 26, 2006, and the maturity date before and after
the May 26 amendment:
Term Note Principal amount Date due prior to Date due after
amendment amendment
Term D Note 15,000,000 December 18, 2006 December 18, 2006
Term E Note 15,000,000 May 27, 2006 May 31, 2007
Term F Note 10,000,000 June 24, 2006 May 31, 2007
CPS disclaims any implication that the agreements so amended are other than
agreements entered into in the ordinary course of CPS's business.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
CONSUMER PORTFOLIO SERVICES, INC.
Dated: June 2, 2006 By: /s/ CHARLES E. BRADLEY, JR.
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Charles E. Bradley, Jr.
President