Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
CONSUMER PORTFOLIO SERVICES, INC. incurred senior notes of $280.9 million aggregate principal amount of asset-backed Notes, in five classes with Computershare Trust Company, N.A. at fixed rates per class: 5.71% (A), 5.65% (B), 5.74% (C), 6.13% (D), 8.42% (E).
- Instrument
- senior notes
- Principal
- $280.9 million aggregate principal amount of asset-backed Notes, in five classes
- Counterparty
- Computershare Trust Company, N.A.
- Rate
- fixed rates per class: 5.71% (A), 5.65% (B), 5.74% (C), 6.13% (D), 8.42% (E)
- Event
- incurrence
Exact text from the filing
the Trust issued and sold $280.9 million of asset-backed Notes, in five classes (such Notes collectively, the "Notes")
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
CONSUMER PORTFOLIO SERVICES, INC. entered into a asset purchase with CPS Auto Receivables Trust 2024-A valued at approximately $300.6 million (effective 2024-01-24).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- CPS Auto Receivables Trust 2024-A
- Value
- approximately $300.6 million
- Effective
- 2024-01-24
Exact text from the filing
On January 24, 2024, 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 2024-A (the "Trust"), approximately $300.6 million of subprime automotive receivables (the "Receivables").
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