debt
confidence high
sentiment neutral
materiality 0.50
CPSS closes $345.6M auto loan securitization (2026-A); weighted avg coupon 5.18%
CONSUMER PORTFOLIO SERVICES, INC.
- $345.61M of asset-backed notes sold; secured by $352.66M auto receivables.
- Five note classes: Class A $155.5M at 4.19% (AAA/AAA), Class E $45.5M at 6.66% (NR/BB).
- 58th term securitization since 2011; 41st consecutive AAA rating on senior class.
- Initial credit enhancement: 1% cash deposit + 2% overcollateralization; steps to 7.3% O/C.
- Private offering to qualified institutional buyers, not registered under Securities Act.