debt
confidence high
sentiment neutral
materiality 0.50
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.
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