{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-25-005440","form_type":"8-K","ticker":"CPSS","cik":"0000889609","company_name":"CONSUMER PORTFOLIO SERVICES, INC.","filed_at":"2025-07-28T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.606812+00:00","generated_at":"2026-05-18T00:42:41.228586+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"CPS closes $418.33M auto receivable securitization (2025-C); 39th consecutive triple-A senior class","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-25-005440","json":"https://secwatch.observer/filing/0001683168-25-005440.json","markdown":"https://secwatch.observer/filing/0001683168-25-005440.md","text":"https://secwatch.observer/filing/0001683168-25-005440.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/889609/000168316825005440/0001683168-25-005440-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/889609/000168316825005440/cps_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T00:42:41.228586+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":[{"claim_id":"8a12917d91a3efe8d2870b74a4c79c80d8a13593","claim":"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%.","evidence_excerpt":"the Trust issued and sold $418.33 million of asset-backed Notes, in five classes (such Notes collectively, the \"Notes\")","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/889609/000168316825005440/0001683168-25-005440-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$418.33 million of asset-backed Notes"},{"label":"Counterparty","value":"Computershare Trust Company, N.A."},{"label":"Rate","value":"4.71% / 4.71% / 4.91% / 5.28% / 6.59%"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}