CPS completes record $514M auto ABS securitization; largest in history

CONSUMER PORTFOLIO SERVICES, INC.

Issued $514.07M asset-backed notes secured by $526.17M subprime auto receivables.
Five classes: A ($237.6M at 4.35%), B ($76.4M at 4.59%), C ($78.66M at 4.93%), D ($48.67M at 5.20%), E ($72.72M at 7.14%).
Largest of 109 securitizations; first over $500M; weighted average coupon 5.51%.
Senior class A rated Aaa/AAA by Moody's and DBRS Morningstar; initial credit enhancement 1.00% cash deposit + 2.30% overcollateralization.
59th senior subordinate securitization since 2011; 42nd consecutive triple-A on senior notes.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

CONSUMER PORTFOLIO SERVICES, INC. incurred debt of $514.07 million at 4.35%, 4.59%, 4.93%, 5.20%, 7.14%.

Principal: $514.07 million
Rate: 4.35%, 4.59%, 4.93%, 5.20%, 7.14%
Event: incurrence

Exact text from the filing

the Trust issued and sold $514.07 million of asset-backed Notes, in five classes (such Notes collectively, the “Notes”)

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306 debt financings filed in the last 30 days. Browse all debt financings →

CONSUMER PORTFOLIO SERVICES, INC. filing history →

Source: SEC EDGAR

accession 0001683168-26-003193

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