CONSUMER PORTFOLIO SERVICES, INC. (CPSS): debt financing — CPS closes $418.33M auto receivable securitization (2025-C); 39th consecutive triple-A senior class

CONSUMER PORTFOLIO SERVICES, INC.

Issued $418.33M in asset-backed notes secured by $433.50M of subprime auto receivables.
Five note classes: A ($184.45M, 4.71%), B ($57.44M, 4.71%), C ($72.39M, 4.91%), D ($47.69M, 5.28%), E ($56.36M, 6.59%).
Weighted average coupon of approx. 5.43%; initial credit enhancement: 1.00% cash reserve and 3.50% overcollateralization.
Senior Class A rated AAA by S&P and DBRS; this is CPS's third term securitization in 2025.

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 senior notes of $418.33 million of asset-backed Notes with Computershare Trust Company, N.A. at 4.71% / 4.71% / 4.91% / 5.28% / 6.59%.

Instrument: senior notes
Principal: $418.33 million of asset-backed Notes
Counterparty: Computershare Trust Company, N.A.
Rate: 4.71% / 4.71% / 4.91% / 5.28% / 6.59%
Event: incurrence

Exact text from the filing

the Trust issued and sold $418.33 million of asset-backed Notes, in five classes (such Notes collectively, the "Notes")

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Source: SEC EDGAR

accession 0001683168-25-005440

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