{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-25-003479","form_type":"8-K","ticker":"CPSS","cik":"0000889609","company_name":"CONSUMER PORTFOLIO SERVICES, INC.","filed_at":"2025-05-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.674531+00:00","generated_at":"2026-05-21T19:57:13.922963+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"CPS closes $419.95M asset-backed securitization of subprime auto receivables","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-25-003479","json":"https://secwatch.observer/filing/0001683168-25-003479.json","markdown":"https://secwatch.observer/filing/0001683168-25-003479.md","text":"https://secwatch.observer/filing/0001683168-25-003479.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/889609/000168316825003479/0001683168-25-003479-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/889609/000168316825003479/cps_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T19:57:13.922963+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}