CONSUMER PORTFOLIO SERVICES, INC. 8K

Consumer Portfolio Services, Inc. closed a privately placed, $716.88 million senior-subordinate asset-backed securitization of auto receivables—its largest ever—through CPS Auto Receivables Trust 2026-C, with highly rated senior notes and defined credit enhancement features.

Consumer Portfolio Services, Inc. announced that on July 22, 2026 it closed its third term securitization of 2026, a $716.88 million senior-subordinate asset-backed notes transaction secured by $734.51 million of automobile receivables, marking the largest securitization in the company’s history and its 60th such deal since 2011 and 43rd consecutive securitization to receive triple-A ratings on the senior notes from at least two rating agencies. The CPS Auto Receivables Trust 2026-C issuance consisted of five classes of notes (Classes A through E) with varying interest rates from 4.52% to 7.65%, a weighted average coupon of approximately 5.90%, and initial credit enhancement through a 1.00% cash deposit and 2.40% overcollateralization, with structural provisions for accelerated principal payments to increase overcollateralization to specified target levels. The offering was conducted as a private placement not registered under the Securities Act of 1933 or state securities laws, with the notes sold to qualified institutional buyers based on the transaction structure, historical performance of similar receivables, and CPS’s servicing experience.

Filing Facts

CIK

889609

Ticker

-

Form

8K

Source Type

sec

Accession

0001683168-26-005764

Alert Tier

6