other material
confidence high
sentiment neutral
materiality 0.65
CPS closes $65M securitization of residual interests from five prior securitizations
CONSUMER PORTFOLIO SERVICES, INC.
- $65M asset-backed notes sold to a QIB, secured by 80% interest in a majority-owned affiliate holding residual interests.
- Notes backed by 80% of spread accounts and over-collateralization from five securitizations issued Oct 2023–Sep 2024.
- Monthly interest payments at coupon rate; principal paid as needed to maintain minimum collateral ratio.
- Transaction was a private offering not registered under the Securities Act of 1933.