debt
confidence high
sentiment neutral
materiality 0.55
CPS closes $50M securitization of residual interests from prior notes; coupon 8.75%
CONSUMER PORTFOLIO SERVICES, INC.
- $50M asset-backed notes issued, secured by 80% interest in MOA holding residual interests from four CPS securitizations (Jan-Oct 2025).
- Notes carry 8.75% coupon; monthly payments of interest and principal to maintain collateral ratio.
- MOA interest includes 80% of spread accounts and over-collateralization of underlying securitizations.
- Private offering to qualified institutional buyers, not registered under Securities Act.