CONSUMER PORTFOLIO SERVICES, INC. (CPSS): debt financing — CPS closes $419.95M asset-backed securitization of subprime auto receivables

CONSUMER PORTFOLIO SERVICES, INC.

Securitized $439.29M in subprime auto receivables, issuing $419.95M in five classes of notes.
Weighted average coupon ~5.96%; senior Class A rated AAA by S&P and DBRS Morningstar.
Initial credit enhancement: 1.00% cash reserve and 4.40% overcollateralization, stepping to 8.65%.
55th senior subordinate securitization since 2011; 38th consecutive triple-A rating on senior notes.
CPS will service the receivables; notes are obligations of trust, not CPS directly.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CONSUMER PORTFOLIO SERVICES, INC. incurred debt of $419.95 million at 4.74%, 4.79%, 5.12%, 5.56%, 7.95%.

Principal: $419.95 million
Rate: 4.74%, 4.79%, 5.12%, 5.56%, 7.95%
Event: incurrence

Exact text from the filing

the Trust issued and sold $419.95 million of asset-backed Notes, in five classes (such Notes collectively, the "Notes")

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Source: SEC EDGAR

accession 0001683168-25-003479

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