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CPS Announces $418.33 Million Senior Subordinate Asset-Backed Securitization

1. CPSS completed its third term securitization in 2025, totaling $418.33 million. 2. This is CPS's 56th securitization and 39th consecutive triple ‘A’ rated transaction. 3. The securitized notes are backed by $433.50 million in auto receivables. 4. Average coupon rate on the new notes is approximately 5.43%. 5. The transaction enhances CPSS's financial stability and credit position.

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Why Bullish?

The completion of a successful securitization with a strong credit rating can positively influence investor sentiment, similar to how past transactions have bolstered stock performance historically.

How important is it?

The completed securitization strengthens CPSS's financial position, enhancing its investment attractiveness and driving stock price stability.

Why Short Term?

Immediate investor reaction is likely, reflecting in stocks shortly after this announcement.

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July 28, 2025 13:30 ET  | Source: Consumer Portfolio Services, Inc. LAS VEGAS, Nevada, July 28, 2025 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) announced the closing of its third term securitization in 2025 on Monday July 28, 2025. The transaction is CPS's 56th senior subordinate securitization since the beginning of 2011 and the 39th consecutive securitization to receive a triple “A” rating from at least two rating agencies on the senior class of notes. In the transaction, qualified institutional buyers purchased $418.33 million of asset-backed notes secured by $433.50 million in automobile receivables originated by CPS. The sold notes, issued by CPS Auto Receivables Trust 2025-C, consist of five classes. Ratings of the notes were provided by Standard & Poor’s and DBRS Morningstar, and were based on the structure of the transaction, the historical performance of similar receivables and CPS’s experience as a servicer. Note ClassAmount(in millions)Interest RateAverage Life (years)PriceS&P’s RatingDBRS RatingA$184.4504.71%0.6399.99986%AAAAAAB$57.4404.71%1.6699.99155%AAAAC$72.3904.91%2.3599.98829%AAD$47.6905.28%3.2199.97840%BBBBBBE$56.3606.59%4.0299.97684%NRBB        The weighted average coupon on the notes is approximately 5.43%. The 2025-C transaction has initial credit enhancement consisting of a cash deposit equal to 1.00% of the original receivable pool balance and overcollateralization of 3.50%. The transaction agreements require accelerated payment of principal on the notes to reach overcollateralization of the lesser of 8.00% of the original receivable pool balance, or 21.00% of the then outstanding pool balance. The transaction was a private offering of securities, not registered under the Securities Act of 1933, or any state securities law. All such securities having been sold, this announcement of their sale appears as a matter of record only. About Consumer Portfolio Services, Inc. Consumer Portfolio Services, Inc. is an independent specialty finance company that provides indirect automobile financing to individuals with past credit problems or limited credit histories. We purchase retail installment sales contracts primarily from franchised automobile dealerships secured by late model used vehicles and, to a lesser extent, new vehicles. We fund these contract purchases on a long-term basis primarily through the securitization markets and service the contracts over their lives. Investor Relations Contact Danny Bharwani, Chief Financial Officer949-753-6811

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