CPS closes $436.31M asset-backed securitization; weighted avg coupon 6.56%

CONSUMER PORTFOLIO SERVICES, INC.

Total notes of $436.31M secured by $460M in subprime auto receivables across 5 classes.
Senior Class A notes rated AAA/AAA by S&P and DBRS; weighted average coupon ~6.56%.
Pre-funding structure: $319.85M sold at close; additional $140.15M expected in July 2024.
Initial credit enhancement: 1% cash deposit and 5.15% overcollateralization.

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