secwatch.observer — SEC 8-K summary
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Issuer:     CONSUMER PORTFOLIO SERVICES, INC. (CPSS)
CIK:        0000889609
Form:       8-K
Filed at:   2024-07-02T23:59:59+00:00
Accession:  0001683168-24-004590
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889609/000168316824004590/0001683168-24-004590-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889609/000168316824004590/cps_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-004590

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer