secwatch.observer — SEC 8-K summary
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Issuer:     CONSUMER PORTFOLIO SERVICES, INC. (CPSS)
CIK:        0000889609
Form:       8-K
Filed at:   2025-03-21T23:59:59+00:00
Accession:  0001683168-25-001782
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CPS closes $65M securitization of residual interests from five prior securitizations
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889609/000168316825001782/0001683168-25-001782-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889609/000168316825001782/cps_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-001782

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