secwatch.observer — SEC 8-K summary
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Issuer:     CONSUMER PORTFOLIO SERVICES, INC. (CPSS)
CIK:        0000889609
Form:       8-K
Filed at:   2026-03-04T23:59:59+00:00
Accession:  0001683168-26-001493
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CPS closes $50M securitization of residual interests from prior notes; coupon 8.75%
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889609/000168316826001493/0001683168-26-001493-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889609/000168316826001493/cps_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-001493

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer