debt
confidence high
sentiment neutral
materiality 0.50
CPS closes $50M securitization of residual interests from prior securitizations
CONSUMER PORTFOLIO SERVICES, INC.
- Closed $50M asset-backed notes secured by 80% interest in a CPS affiliate holding residuals from five securitizations (Jan 2022–Jan 2023).
- Collateral includes 80% of spread account deposits and over-collateralization from each underlying securitization.
- Notes pay monthly interest at coupon rate; principal payments as needed to maintain minimum collateral ratio.
- Transaction was a private placement to a qualified institutional buyer; not registered under Securities Act.