{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-24-000532","form_type":"8-K","ticker":"CPSS","cik":"0000889609","company_name":"CONSUMER PORTFOLIO SERVICES, INC.","filed_at":"2024-01-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.163009+00:00","generated_at":"2026-06-06T15:34:52.066263+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"CPS closes $280.9M asset-backed securitization, its 100th and first of 2024","bullets":["Issued $280.9M in notes (five classes) secured by $300.6M subprime auto receivables; weighted coupon 6.51%.","Senior Class A notes rated AAA by S&P and DBRS; Class E notes not rated; coupon 8.42%.","Initial credit enhancement: 1.00% reserve cash and 6.55% overcollateralization; target max overcollateralization 9.55% of pool.","Transaction marks 50th senior subordinate securitization since 2011 and 100th in company history."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-24-000532","json":"https://secwatch.observer/filing/0001683168-24-000532.json","markdown":"https://secwatch.observer/filing/0001683168-24-000532.md","text":"https://secwatch.observer/filing/0001683168-24-000532.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/889609/000168316824000532/0001683168-24-000532-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/889609/000168316824000532/cps_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T15:34:52.066263+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":"6100bd6bac5e4e03098c75d743366c22e04d4ab4","claim":"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).","evidence_excerpt":"the Trust issued and sold $280.9 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/889609/000168316824000532/0001683168-24-000532-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$280.9 million aggregate principal amount of asset-backed Notes, in five classes"},{"label":"Counterparty","value":"Computershare Trust Company, N.A."},{"label":"Rate","value":"fixed rates per class: 5.71% (A), 5.65% (B), 5.74% (C), 6.13% (D), 8.42% (E)"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"0ebc50757b4811bb6f290fea9b32f945e9140138","claim":"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).","evidence_excerpt":"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\").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/889609/000168316824000532/0001683168-24-000532-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"CPS Auto Receivables Trust 2024-A"},{"label":"Value","value":"approximately $300.6 million"},{"label":"Effective","value":"2024-01-24"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}