{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-25-007768","form_type":"8-K","ticker":"CPSS","cik":"0000889609","company_name":"CONSUMER PORTFOLIO SERVICES, INC.","filed_at":"2025-10-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.504123+00:00","generated_at":"2026-05-17T02:24:14.116785+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"CPS closes $384.6M auto-loan securitization (2025-D); weighted avg coupon 5.72%","bullets":["Issued five classes of notes secured by $392.46M in automobile receivables; fourth term securitization in 2025.","Senior Class A notes ($170.91M) rated AAA by S&P and DBRS; average life 0.66 years at 4.46%.","Class E notes ($53.37M) rated NR/BB with 7.69% interest and average life 4.04 years.","Initial credit enhancement: 1.00% cash reserve plus 2.00% overcollateralization, stepping to 7.00% of original pool.","57th senior subordinate securitization since 2011; 40th consecutive AAA rating on senior class."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-25-007768","json":"https://secwatch.observer/filing/0001683168-25-007768.json","markdown":"https://secwatch.observer/filing/0001683168-25-007768.md","text":"https://secwatch.observer/filing/0001683168-25-007768.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/889609/000168316825007768/0001683168-25-007768-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/889609/000168316825007768/cps_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T02:24:14.116785+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":"d42eb55c1b792a036784ba9ec3d6353914c68527","claim":"CONSUMER PORTFOLIO SERVICES, INC. incurred senior notes of $384.6 million at 4.46% to 7.69%.","evidence_excerpt":"the Trust issued and sold $384.6 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/889609/000168316825007768/0001683168-25-007768-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$384.6 million"},{"label":"Rate","value":"4.46% to 7.69%"},{"label":"Event","value":"incurrence"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}