CPS completes $418.33 million asset-backed securitization

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Go back to CPS completes $418.33 million asset-backed securitization

CPS Announces $418.33 Million Senior Subordinate Asset-Backed Securitization

July 28, 2025 1:30 PM EDT

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... More