CPS Announces $50.0 Million Securitization of Residual Interests
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
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Source: GlobeNewswire
LAS VEGAS, Nevada, March 22, 2024 (GLOBE NEWSWIRE) -- Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced the closing of a $50.0 million securitization of residual interests from previously issued securitizations. In the transaction, a qualified institutional buyer purchased $50.0 million of asset-backed notes secured by an 80% interest in a CPS affiliate that owns the residual interests in five CPS securitizations issued from January 2022 through January 2023. Collateral for the notes includes 80% of the amounts on deposit in the underlying spread accounts for each related securitization and 80% of the over-collateralization of each related securitization, which is the difference between the outstanding principal balance of the related receivables less the outstanding principal balance of the notes associated with the securitization. On each monthly payment date, the notes will be paid interest at the coupon rate and, if necessary, a princip
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CPSS
News
- CPS Announces $319.9 Million Senior Subordinate Asset-Backed SecuritizationGlobeNewswire
- 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
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