secwatch.observer — SEC 8-K summary
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Issuer:     CONSUMER PORTFOLIO SERVICES, INC. (CPSS)
CIK:        0000889609
Form:       8-K
Filed at:   2026-08-21T19:25:50+00:00
Accession:  0001683168-26-006650
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CPS closes $80M securitization of residual interests at 10.25% coupon
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/889609/000168316826006650/0001683168-26-006650-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/889609/000168316826006650/cps_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-006650

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