CPS Announces $418.33 Million Senior Subordinate Asset-Backed Securitization
Consumer Portfolio Services (Nasdaq: CPSS) has successfully closed its third term securitization of 2025, marking its 56th senior subordinate securitization since 2011.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Consumer Portfolio Services (Nasdaq: CPSS) has successfully closed its third term securitization of 2025, marking its 56th senior subordinate securitization since 2011. The transaction involved $418.33 million of asset-backed notes secured by $433.50 million in automobile receivables.
The securitization, issued through CPS Auto Receivables Trust 2025-C, consists of five note classes with ratings from Standard & Poor's and DBRS Morningstar. The weighted average coupon is 5.43%, with initial credit enhancement including a 1.00% cash deposit and 3.50% overcollateralization of the original receivable pool balance.
Positive
- 39th consecutive securitization to receive triple 'A' rating from at least two rating agencies on senior class notes
- Strong credit enhancement structure with 1.00% cash deposit and 3.50% overcollateralization
- Successful placement of $418.33M in asset-backed notes, demonstrating continued market access
Negative
- Higher interest rates across note classes, with weighted average coupon of 5.43%
Details
News Market Reaction – CPSS
The recorded move for CPSS in the trading session of this news was -1.43%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
| Note Class | Amount (in millions) | Interest Rate | Average Life (years) | Price | S&P’s Rating | DBRS Rating | |
| A | 0.63 | AAA | AAA | ||||
| B | 1.66 | AA | AA | ||||
| C | 2.35 | A | A | ||||
| D | 3.21 | BBB | BBB | ||||
| E | 4.02 | NR | BB | ||||
The weighted average coupon on the notes is approximately
The 2025-C transaction has initial credit enhancement consisting of a cash deposit equal to
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 Officer
949-753-6811
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.