---
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"
generated_at: "2026-05-18T00:42:41.228586+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# CPS closes $418.33M auto receivable securitization (2025-C); 39th consecutive triple-A senior class

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-005440
- JSON: https://secwatch.observer/filing/0001683168-25-005440.json
- Plain text: https://secwatch.observer/filing/0001683168-25-005440.txt

## Key facts
- Debt Financings
  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
  source text: the Trust issued and sold $418.33 million of asset-backed Notes, in five classes (such Notes collectively, the "Notes")
  evidence_url: https://www.sec.gov/Archives/edgar/data/889609/000168316825005440/0001683168-25-005440-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.