{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-23-007465","form_type":"8-K","ticker":"CPSS","cik":"0000889609","company_name":"CONSUMER PORTFOLIO SERVICES, INC.","filed_at":"2023-10-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.295270+00:00","generated_at":"2026-06-09T07:31:53.513692+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"CPS closes $286.1M securitization of subprime auto receivables","bullets":["Issued $286.1M in asset-backed notes across five classes (Class A to E) secured by $306.7M auto receivables.","Class A notes ($131.1M) rated AAA/AAA by S&P and DBRS, coupon 6.40%, avg life 0.66 years.","Class E notes ($33.1M) rated NR/BB, coupon 10.13%, avg life 4.01 years; weighted average coupon 7.89%.","Initial credit enhancement: 1.00% cash reserve and 6.70% overcollateralization; step-up to 9.70% of original pool or 26.75% of outstanding.","Fourth term securitization in 2023 and 49th senior subordinate deal since 2011; 32nd consecutive triple-A rating on senior class."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-23-007465","json":"https://secwatch.observer/filing/0001683168-23-007465.json","markdown":"https://secwatch.observer/filing/0001683168-23-007465.md","text":"https://secwatch.observer/filing/0001683168-23-007465.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/889609/000168316823007465/0001683168-23-007465-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/889609/000168316823007465/cps_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T07:31:53.513692+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":"9209db69ae42c1de684889bca3a4ee42c5cecbd5","claim":"CONSUMER PORTFOLIO SERVICES, INC. incurred senior notes of $286.1 million of asset-backed Notes, in five classes with Computershare Trust Company, N.A. at Class A 6.40%, Class B 6.78%, Class C 7.17%, Class D 7.80%, Class E 10.13%.","evidence_excerpt":"he Trust deposited the Receivables with Computershare Trust Company, N.A. (\"CTCNA\"), as trustee of a grantor trust, receiving","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/889609/000168316823007465/0001683168-23-007465-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$286.1 million of asset-backed Notes, in five classes"},{"label":"Counterparty","value":"Computershare Trust Company, N.A."},{"label":"Rate","value":"Class A 6.40%, Class B 6.78%, Class C 7.17%, Class D 7.80%, Class E 10.13%"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}