CPS closes $80 million residual-interest securitization with 10.25% asset-backed notes

Reuters2026/08/21 19:26

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CPS closed an $80 million securitization of residual interests, issuing asset-backed notes with a 10.25% coupon.
Notes secured by residual interests from securitizations issued April 2022 to April 2023.
Collateral also includes an 80% interest in a majority-owned affiliate holding residual interests tied to securitizations issued July 2023 to April 2026.
Proceeds used partly to fully repay higher-coupon residual interest financing notes issued in March 2024.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CPS - Consumer Portfolio Services Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001683168-26-006650), on August 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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CPS closes $80 million residual-interest securitization with 10.25% asset-backed notes

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