debt
confidence high
sentiment positive
materiality 0.60
CPS closes $80M securitization of residual interests at 10.25% coupon
CONSUMER PORTFOLIO SERVICES, INC.
- Closed $80.0M asset-backed notes sale to a qualified institutional buyer on Aug 18, 2026.
- Notes carry 10.25% coupon, secured by residual interests in four CPS securitizations (Apr 2022–Apr 2023).
- Also secured by 80% interest in a majority-owned affiliate holding residuals from three securitizations (Jul 2023–Apr 2026).
- Proceeds used to fully repay higher-coupon residual interest financing from March 2024.
- Monthly payments include interest and principal to maintain a specified minimum collateral ratio.