CPS Announces $319.9 Million Senior Subordinate Asset-Backed Securitization
Consumer Portfolio Services, Inc. (CPSS)
Last consumer portfolio services, inc. earnings: 4/15 05:21 pm
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US:NASDAQ Investor Relations:
ir.consumerportfolio.com/investor-relations
Company Research
Source: GlobeNewswire
LAS VEGAS, Nevada, April 23, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) announced the closing of its second term securitization in 2024 on Tuesday April 23, 2024. The transaction is CPS's 51st senior subordinate securitization since the beginning of 2011 and the 34th 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 $319.9 million of asset-backed notes secured by $337.2 million in automobile receivables originated by CPS. The sold notes, issued by CPS Auto Receivables Trust 2024-B, 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 Rati
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CPSS
News
- Consumer Portfolio Services, Inc. (NASDAQ:CPSS) adds US$18m in market cap and insiders have a 36% stake in that gain [Yahoo! Finance]Yahoo! Finance
- Consumer Portfolio Services Appoints Gateway to Lead Expanded Investor Relations Program [Yahoo! Finance]Yahoo! Finance
- Consumer Portfolio Services Appoints Gateway to Lead Expanded Investor Relations ProgramGlobeNewswire
- CPS Announces Renewal of $200 Million Credit Facility [Yahoo! Finance]Yahoo! Finance
- CPS Announces Renewal of $200 Million Credit FacilityGlobeNewswire
CPSS
Sec Filings
- 4/25/24 - Form 8-K
- 4/16/24 - Form 8-K
- 4/9/24 - Form 8-K
- CPSS's page on the SEC website