{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-23-000452","form_type":"8-K","ticker":"CPSS","cik":"0000889609","company_name":"CONSUMER PORTFOLIO SERVICES, INC.","filed_at":"2023-01-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.425679+00:00","generated_at":"2026-06-20T06:11:11.252266+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"CPS closes $324.8M asset-backed securitization of subprime auto receivables","bullets":["Issued $324.8M of asset-backed notes secured by $362.9M in subprime auto receivables.","Five note classes: Class A ($154.6M, 5.54%), B ($44.1M, 5.47%), C ($57.2M, 5.54%), D ($39.6M, 6.44%), E ($29.4M, 10.59%).","Initial credit enhancement: 1.00% cash reserve and 10.50% overcollateralization; step-up to 14% or 38% required.","46th senior subordinate securitization since 2011; Class A rated AAA by S&P and DBRS.","CPS will service the receivables; transaction closed January 25, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-23-000452","json":"https://secwatch.observer/filing/0001683168-23-000452.json","markdown":"https://secwatch.observer/filing/0001683168-23-000452.md","text":"https://secwatch.observer/filing/0001683168-23-000452.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/889609/000168316823000452/0001683168-23-000452-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/889609/000168316823000452/cps_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T06:11:11.252266+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b76a121118f42ab4ec6c007bf446c6be8b9bc7e9","claim":"CONSUMER PORTFOLIO SERVICES, INC. incurred senior notes of $324.8 million.","evidence_excerpt":"the Trust issued and sold $324.8 million of asset-backed Notes, in five classes (such Notes collectively, the \"Notes\")","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/889609/000168316823000452/0001683168-23-000452-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$324.8 million"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"484f0a27b769e0dfc0cc01348fd295c94b20e9ce","claim":"CONSUMER PORTFOLIO SERVICES, INC. entered into a asset purchase with CPS Auto Receivables Trust 2023-A valued at $362.9 million (effective 2023-01-25).","evidence_excerpt":"On January 25, 2023, the registrant Consumer Portfolio Services, Inc. (\"CPS\") and its wholly owned subsidiary CPS Receivables Five LLC (\"Subsidiary\") entered into a series of agreements under which Subsidiary purchased from CPS, and sold to CPS Auto Receivables Trust 2023-A (the \"Trust\"), approximately $362.9 million of subprime automotive receivables (the \" Receivables\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/889609/000168316823000452/0001683168-23-000452-index.htm","confidence":0.8,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"CPS Auto Receivables Trust 2023-A"},{"label":"Value","value":"$362.9 million"},{"label":"Effective","value":"2023-01-25"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}